Consider the following facts: The following data are available for Company A: Sa

Question

Consider the following facts:

The following data are available for Company A:

Sale of land                                                $250,000

Sale of equipment                                      $125,000

Issuance of common stock                           140,000

Purchase of equipment                                  60,000

Payment of cash dividends                           120,000

The net cash provided by investing activities is:

a. $455,000

b. $315,000

c. None of these answers are correct.

d. $335,000

e. $260,000

Explanation / Answer

net cash provided by investing activity = sale of land + sale of equipment - purchase of equipment

                                              = 250000 + 125000 - 60000

                                               = 315000

correct option is "B"

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