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Wainwright Corporation had the following activities in 2010. 1.

Wainwright Corporation had the following activities in 2010. 1.

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Wainwright Corporation had the following activities in 2010.

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 securities...............$59,000

Compute the amount Wainwright should report as net cash provided (used) by investing activities in its statement of cash flows.

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...

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