Wainwright Corporation had the following activities in 2020. 1. Sale of land $180,000. 2. Purchase of inventory

Question:

Wainwright Corporation had the following activities in 2020.

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 2020 statement of cash flows.

Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...

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