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Masteriza [31]
4 years ago
10

9) Napier Co. provided the following information on selected transactions during 2018: Purchase of land by issuing bonds $1,000,

000 Proceeds from issuing bonds 3,000,000 Purchases of inventory 3,800,000 Purchases of treasury stock 600,000 Loans made to affiliated corporations 1,400,000 Dividends paid to preferred stockholders 400,000 Proceeds from issuing preferred stock 1,600,000 Proceeds from sale of equipment 300,000 The net cash provided (used) by investing activities during 2018 is
Business
1 answer:
4vir4ik [10]4 years ago
7 0

Answer:

($1,100,000)

Explanation:

Given that

Loans made to affiliated corporations = $1,400,000

Proceeds from sale of Equipment = $300,000

The computation of net cash provided (used) by investing activities is here below:-

Net cash provided(used) by investing activities = (Loans made to affiliated corporations) - Proceeds from sale of Equipment

= ($1,400,000) - $300,000

= ($1,100,000)

So, for computing the cash provided(used) by investing activities we simply applied the above formula.

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Read 2 more answers
Riley, age 16, and Samuel, age 36, enter into a contract in which Riley will sell Samuel his car for $11,000. The next day, Samu
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Explanation:

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Consideration : The law states that, all simple contract must be supported by value consideration known as price.

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