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3 years ago

Mary Andrews, Inc. had the following transactions:

Business

1 answer:

katrin [286]3 years ago

3 0

Answer:

$522,000

Explanation:

Given;

Cash proceeds on sale of land = $430,000

Cash proceeds on sale of equipment = $140,000

Purchase of treasury stock with cash = $53,000

Purchase of equipment with cash = $48,000

Issuance of common stock for cash = $70,000

To find the net cash provided by investing, the investing activities in the information given are; Cash proceeds on sale of land, Cash proceeds on sale of equipment, and Purchase of equipment with cash.

Purchase of treasury stock with cash and Issuance of common stock for cash are financing activities.

Net cash provided by investing activities = $430,000 + $140,000 - $48,000

= $522,000

The correct answer is $522,000 which is not a part of the options given.

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