Wainwright Corporation had the following activities in 2025. 1. Sale of land $180,000. 2. Purchase of inventory

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Wainwright Corporation had the following activities in 2025.

1. Sale of land $180,000.

2. Purchase of inventory $845,000.

3. Purchase of treasury stock $72,000. 

4. Purchase of equipment $415,000.

5. Issuance of common stock $320,000.

6. Purchase of available-for- sale debt securities $59,000.

Compute the amount Wainwright should report as net cash provided (used) by investing activities in its 2025 statement of cash flows.

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Intermediate Accounting

ISBN: 9781119790976

18th Edition

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

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