Question

Whispering Corporation engaged in the following cash transactions during 2017. Sale of land and building $198,400 Purchase of treasury stock 50,000 Purchase of land 41,800 Payment of cash dividend 87,200 Purchase of equipment 60,500 Issuance of common stock 156,100 Retirement of bonds 101,500.Compute the net cash provided (used) by investing activities

Answer 1

Answer:

Net cash provided (used) by Investing activities :  

Sale of land and building                        $198,400

Purchase of land                                         ($41,800)

Purchase of equipment                                 ($60,500)

Net cash provided by Investing activities     $96,100

Explanation:

Net cash provided by Investing activities = Sale of land and building - Purchase of land - Purchase of equipment

Net cash provided by Investing activities =  $198,400 - $41,800 - $60,500

Net cash provided by Investing activities = $96,100