Question

Crane Company provided the following information on selected transactions during 2021: Purchase of land by issuing bonds $950000 Proceeds from issuing bonds 3020000 Purchases of inventory 3870000 Purchases of treasury stock 609000 Loans made to affiliated corporations 1400000 Dividends paid to preferred stockholders 408000 Proceeds from issuing preferred stock 1670000 Proceeds from sale of equipment 296000 The net cash provided (used) by investing activities during 2021 is $(4566000). $(1104000). $296000. $(2054000).

Answer 1

Answer:

$296,000

Explanation:

Consider cash movement in purchase and sale of capital assets only.

Cash flow from investing activities :

Proceeds from sale of equipment                 $296000

Net Cash Provided by investing activities    $296000

therefore,

The net cash provided by investing activities during 2021 is $296000.