Use the following company information to calculate net cash provided or used by investing activities: (1)...

 

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Use the following company information to calculate net cash provided or used by investing activities: (1) Equipment with a book value of $87,500 and an original cost of $150.000 was sold at a loss of $8,500. (2) Paid $31,000 cash for a new truck. (3) Sold land costing $16.000 for $18,000 cash, realizing a $2,000 gain, (4) Purchased treasury stock for $30,500 cash. (5) Long-term investments in stock are sold for $20.500 cash, realizing a gain of $1,750. A. $56,000 cash provided by investing activities. B. $56.000 cash used in investing activities. C. $86.500 cash used in investing activities. D. 586,500 cash provided by investing activities. Use the following company information to calculate net cash provided or used by investing activities: (1) Equipment with a book value of $87,500 and an original cost of $150.000 was sold at a loss of $8,500. (2) Paid $31,000 cash for a new truck. (3) Sold land costing $16.000 for $18,000 cash, realizing a $2,000 gain, (4) Purchased treasury stock for $30,500 cash. (5) Long-term investments in stock are sold for $20.500 cash, realizing a gain of $1,750. A. $56,000 cash provided by investing activities. B. $56.000 cash used in investing activities. C. $86.500 cash used in investing activities. D. 586,500 cash provided by investing activities.

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