Question

Mazzeo Co. provided the following information on selected transactions during 2017: Purchase of land by issuing bonds $650,000 Proceeds from issuing stock 520,000 Purchases of inventory 950,000 Purchases of treasury stock 350,000 Loans made to affiliated corporations 175,000 Dividends paid to preferred stockholders 100,000 Proceeds from issuing preferred stock 210,000 Proceeds from sale of land 325,000 The net cash provided (used) by investing activities during 2017 is

Answer 1

$150,000

Step-by-step explanation:

Calculation to determine what The net cash provided (used) by investing activities during 2017 is

Using this formula

The net cash provided (used) by investing activities during 2017 =Proceeds from sale of land -Loans made to affiliated corporations,

Let plug in the formula

The net cash provided (used) by investing activities during 2017=$325,000-$175,000

The net cash provided (used) by investing activities during 2017= $150,000

Therefore The net cash provided (used) by investing activities during 2017 is $150,000