The records of Lily's Landing showed a purchase of equipment in the amount of $17,100; sale of equipment in the amount of $41,200; a purchase of land in the amount of $10,400, and a loan to a borrower in the amount of $4,100. The amount of Net Cash Flow from Investing Activities using the indirect method is:
A) $9,600.
B) ($9,600).
C) $52,000.
D) $72,800.

Question

Quizplus · Accepted Answer

Net Cash Flow from Investing Activities = Purchase of equipment + Sale of equipment + Purchase of land + Loan to a borrower= -$17,100 + $41,200 + -$10,400 + -$4,100= $9,600

The Records of Lily's Landing Showed a Purchase of Equipment