Question

Ralirali​ Corporation's financial statements included the following amounts for the current​ year: Issued new shares of preferred stock ​$98,000 Loaned cash to key supplier 26 comma 000 Bought new delivery truck for cash 51 comma 000 Proceeds from the sale of used production machinery 23 comma 000 Sold treasury stock ​31,000 Based on this​ information, what is the amount of net cash provided​ (used) by investing​ activities?

Answer 1

-$48,000

Step-by-step explanation:

The computation of the amount of net cash provided or used by investing activities is shown below:

Cash flow from Investing Activity

Proceeds from the sale of used production machinery $29,000

Loaned cash to key supplier -$26,000

Brought new delivery truck for cash -$51,000

Net cash used by investing activities -$48,000

The negative sign represents the outflow of cash while the positive sign represents the inflow of cash