Question: based on the information provided what is the net cash provided by investing activities? again based on the information provided what is the net cash
based on the information provided what is the net cash provided by investing activities? 2013 $ 77,375 2012 $ 22,955 Cash Available-for-sale securities (not cash equivalents) Accounts receivable Inventory Prepaid insurance Land, buildings, and equipment Accumulated depreciation Total assets 15,500 80.000 165,000 1,500 1,250,000 (610,000) $ 979,375 85.000 68.250 145.000 2.000 1,125.000 (572.000) $ 876,205 Accounts payable Salaries payable Notes payable (current) Bonds payable Common stock Retained earnings Total liabilities and shareholders' equity $ 76,340 20,000 25,000 200,000 300,000 358,035 $ 979,375 $ 148,670 24,500 75.000 wo 300.000 328.035 $ 876,205 Additional information for 2013: (1.) Sold available-for-sale securities costing $69,500 for $74,000. (2.) Equipment costing $20,000 with a book value of $5,000 was sold for $6,000. (3.) Issued 6% bonds payable at face value, $200,000. (4.) Purchased new equipment for $145,000 cash. (5.) Paid cash dividends of $30,000. (6.) Net income was $60,000. Calculate the net cash provided (used) by operating activities (indirect method) for 2013? If the answer is a net cash outflow then use a negative sign. -7090
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
