Question

The following are data concerning cash received or paid from various transactions for Orange Peels corporation:

Sale of land 100,000
sale of equip 50,000
issuance of CS 70,000
purchase of equip 30,000
Payment of Cash Dividends 60,000
Net cash provided by investing activities is:

Answer 1

$150,000

Step-by-step explanation:

Investing activities are those activities which are related to investment column, that is any kind of purchase or sale of fixed asset, securities which are not categorized as short term.

Provided information,

Sale of land = $100,000 Cash inflow

Sale of equipment = $50,000 Cash inflow

Issuance of common stock = $70,000 Not considered as cash outflow of financing activity.

Payment of dividends = $60,000 Not considered as part of financing activity.

Thus net cash inflow of investing activities = $100,000 + $50,000 = $150,000