Question

Range Co. provided the following information on selected transactions: Purchase of building from XYZ Company; obtained mortgage from BRB Bank $200 Proceeds from issuing bonds $500 Purchases of EAB Company Stock $300 Purchase of Investment in Bonds $675 Dividends paid to preferred stockholders $250 Proceeds from issuing preferred stock $225 Proceeds from sale of equipment $150 The net cash provided (used) by investing activities is:

Answer 1

Net cash provided (used) by investing activities is ($1,025)

Step-by-step explanation:

Cash Flow

Proceeds from sale of equipment $150

Less: Purchases of EAB Company Stock $300

Purchase of Investment in Bonds $675

Purchase of building from XYZ Company $200 $1,175

Net Cash used by investing activities -$1,025