Question 14 (of 14) 14 ecyde Ein In preparing a company\'s statement of cash flo

ID: 2580820 • Letter: Q

Question

Question 14 (of 14) 14 ecyde Ein In preparing a company's statement of cash flows for the most recent year. the following avallable: Informaion is Loss on the sale of equipment Purchase of equipment Proceeds from the sale of equipment Repayment of outstanding bonds Purchase of treasury stock issuance of common stock Purchase of land Increase In accounts recelvable during the year Decrease In accounts payable during the year Payment of cash dividends $ 15.200 157,000 138.000 93.000 68,000 102,000 127000 49.000 81,000 41,000 ntrol Panel 60 Survey Net cash fiows from investing activities for the year were ATLAS O $239.000 of net cash provided O $130.800 of net cash used. O $146.000 of net cash provided O $276.000 of net cash used. O $146.000 of net cash used New folder CSR Porta Start

Explanation / Answer

CASH FLOW STATEMENT FOR THE YEAR ENDED

Cash flows from investing activities

Purchase of equipment

-157000

Proceeds from the sale of equipment

138000

Purchase of land

-127000

Cash provided by investing activities

-146000

So, answer is $146000 of net cash used