PLEASE HELP! net cash flows from investing activities for the year were?
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In preparing a company's statement of cash flows for the most recent year, the following information is available: LOSS ON THE SALE OF EQUIPMENT...14,000 PURCHASE OF EQUIPMENT...145000 PROCEEDS FROM THE SALE OF EQUIPMENT...126000 REPAYMENT OF OUTSTANDING BONDS...87000 PURCHASE OF TREASURY STOCK...62000 ISSUANCE OF COMMON STOCK...96000 PURCHASE OF LAND...115,000 INCREASE IN ACCOUNTS RECEIVABLE DURING THE YEAR...43000 DECREASE IN ACCOUNTS PAYABLE DURING THE YEAR..75000 PAYMENT OF CASH DIVIDENDS...35000 Net cash flows from investing activities for the year were: A. $134,000 of net cash used by investing activities. B. $134,000 of net cash provided by investing activities. C. $120,000 of net cash used by investing activities. D. $252,000 of net cash used by investing activities. E. $221,000 of net cash provided by investing activities.
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Answer:
A 134,000 outflow. Ignore the book loss on sale of equipment, instead use its Proceeds from the sale of 126,000, less Eqpt and Land purchased of 260,000 = 134,000
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