Answer:
Waterway Industries
The cash provided (used) by investing activities for the year ended December 31, 2021, as a result of the above information is:
= $96,000
Explanation:
a) Data and Calculations:
Proceeds from sale of land $313000
Proceeds from long-term borrowings 610000
Purchases of plant assets 217000
Purchases of inventories 1017000
Proceeds from sale of Waterway common stock 352000
Operating activities:
Purchases of inventories 1017000
Investing activities:
Proceeds from sale of land $313000
Purchases of plant assets 217000
Total cash from investing $96,000
Financing activities:
Proceeds from long-term borrowings 610000
Proceeds from sale of Waterway common stock 352000
b) Investing activities are one of the main categories of net cash activities on the statement of cash flows. They refer to the purchase and sale of long-term assets and other business investments.
