Use the following information for questions.
Napier Co.provided the following information on selected transactions during 2011:

-The net cash provided (used) by investing activities during 2011 is

Question

Use the following information for questions.
Napier Co.provided the following information on selected transactions during 2011:
 
-The net cash provided (used) by investing activities during 2011 is

Quizplus · Accepted Answer

The net cash used by investing activities can be calculated by adding the cash outflows for the purchase of property, plant, and equipment ($800,000) and the purchase of investments ($50,000), and subtracting the cash inflow from the sale of investments ($550,000). Net cash used by investing activities = $800,000 + $50,000 - $550,000 = $(300,000).

Use the Following Information for Questions