Question

Selected information from Marie Corporation's accounting records and financial statements is as follows: Cash paid to acquire machinery $ 32,000 Retired common stock 59,000 Proceeds from sale of land 100,000 Gain from the sale of land 53,000 Investment revenue received 72,000 Cash paid to acquire office equipment 90,000 What are the net cash flows from investing activities that will be reported in the statement of cash flows

Answer 1

Answer:

-$22,000

Explanation:

Marie Corporation

Cash Flow Statement

Cash Flows from Investing Activities:

Cash paid to acquire machinery -$32,000

Proceeds from sale of land $100,000

Cash paid to acquire office equipment -$90,000

Cash Flow from Investing Activities -$22,000

Investment revenue received sits at the top with net income, Gain from the sale of land is cash flow from operating activities and Retired common stock is cash flow from financing activities.