Assume the following excerpts from a company's balance sheet. Property, plant, and equipment Long-term investments Beginning...

 

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Assume the following excerpts from a company's balance sheet. Property, plant, and equipment Long-term investments Beginning Balance $ 3,580,000 $ 1,500,000 Ending Balance $ 3,900,000 $ 880,000 During the year, the company did not sell any property, plant, and equipment or purchase any long-term investments. Its income statement did not report any gains or losses. Required: Calculate the company's net cash provided by (used in) investing activities. Answer is complete but not entirely correct. Net cash provided by investing activities 95,000 Assume the following excerpts from a company's balance sheet. Property, plant, and equipment Long-term investments Beginning Balance $ 3,580,000 $ 1,500,000 Ending Balance $ 3,900,000 $ 880,000 During the year, the company did not sell any property, plant, and equipment or purchase any long-term investments. Its income statement did not report any gains or losses. Required: Calculate the company's net cash provided by (used in) investing activities. Answer is complete but not entirely correct. Net cash provided by investing activities 95,000

Answer rating: 100% (QA)

To calculate the net cash provided by used in investing activities we need to consider the changes i... View the full answer