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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 60,000How much is net cash provided by investing activities?

Respuesta :

kchevelwalla

Answer:

$120,000

Explanation:

In this case, Cash generated from investing activities include, purchase and sale of equipment and sale of land  

  • Sale of land 100,000 (cash inflow)
  • Sale of Equipment 50,000 (cash inflow)
  • Purchase of Equipment -30,000 (cash outflow
  • Cash generated from investing activities is $120,000

Issuance of common stock (70,000) & Payment of cash dividends (60,000) are part of Financing activities

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