Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello

Exercise 22

Old South Company purchased investments for $55,000 and plant assets for $147,000 during the current year, during which it also sold plant assets for $66,000, at a gain of $6,000.he company also purchased treasury stock for $78,000 and sold a new issue of common stock for $523,000.etermine the amount of cash provided by or used for investing activities for the year.