Ask Question
5 January, 14:37

The following are data concerning cash received or paid from various transactions for Orange Peels Corporation. Sale of land - $100,000 Sale of equipment - $50,000 Issuance of common stock - $70,000 Purchase of equipment - $30,000 Payment of cash dividends - $60,000Net cash provided by investing activities is:

(a) $120,000.

(b) $130,000.

(c) $150,000.

(d) $190,000.

+4
Answers (1)
  1. 5 January, 14:45
    0
    (a) $120,000.

    Explanation:

    The preparation of the net cash provided by investing activities is presented below:

    Cash from investing activities

    Sale of equipment $50,000

    Sale of land $100,000

    Less: Purchase of equipment - $30,000

    Net cash provided by investing activities $120,000

    The other transactions reflect the financing activities
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “The following are data concerning cash received or paid from various transactions for Orange Peels Corporation. Sale of land - $100,000 ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers