Wainwright Corporation had the following activities in 2017.

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 2017 statement of cash flows.

Answer rating: 100% (QA)

Answer Investing activities investment is assets or sale of assets Cash flows from investing ... View the full answer