Listed below are some of the transactions of Carpenter Corporation during the current year:

1. On January 1, equipment costing $20,804 with accumulated depreciation of $8,253 was sold for $7,461.
2. On March 1, investments costing $22,155 were sold for $36,157. $29,820 of the cash received was used to purchase other investments.
3. On June 1, bonds were issued totaling $72,131.
4. On September 1, 988 shares of common stock were issued at par value of $21 per share.
5. On December 31, dividends totaling $9,537 were declared and paid.

What is the effect of these transactions on the net cash provided (used) by operating activities?

Answer rating: 100% (QA)

Net Cash Provided Used by Operating Activities Heres how each transaction a... View the full answer