Use the following information for questions.
Marcellus Corp.provided the following information for calendar 2017: Marcellus adheres to ASPE.
-The cash provided by (used in)investing activities during 2017 is

Question

Use the following information for questions.
Marcellus Corp.provided the following information for calendar 2017: Marcellus adheres to ASPE. 
-The cash provided by (used in)investing activities during 2017 is

Quizplus · Accepted Answer

The cash provided by (used in) investing activities is determined by subtracting the cash paid for property, plant and equipment ($400,000) from the cash received from the sale of investments ($160,000) and the cash received from the sale of property, plant and equipment ($0). The calculation is as follows: $160,000 - $400,000 + $0 = $(240,000).

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