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miskamm [114]
2 years ago
14

In preparing a company's statement of cash flows for the most recent year, the following information is available:

Business
1 answer:
gulaghasi [49]2 years ago
3 0

Answer:

$135,000 of net cash used

Explanation:

Cashflow from Investing Activities Section

Purchase of equipment                                    (146,000)

Proceeds from the sale of equipment              127,000

Purchase of land                                               (116,000)

Net Cash from  Investing Activities                 (135,000)

therefore,

Net cash flows from investing activities for the year were  ($135,000)

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