The following data are available for Nichols Corporation. $$\begin{array} { l r }
\text { Sale of land } & \$ 200,000 \
\text { Sale of equipment } & 100,000 \
\text { Issuance of ordinary shares } & 140,000 \
\text { Purchase of equipment } & 60,000 \
\text { Payment of cash dividends } & 120,000
\end{array}$$ Net cash provided by investing activities is:

Question

The following data are available for Nichols Corporation. $$\begin{array} { l r } 
\text { Sale of land } & \$ 200,000 \
\text { Sale of equipment } & 100,000 \
\text { Issuance of ordinary shares } & 140,000 \
\text { Purchase of equipment } & 60,000 \
\text { Payment of cash dividends } & 120,000
\end{array}$$ Net cash provided by investing activities is:

Quizplus · Accepted Answer

Net cash provided by investing activities is calculated by subtracting cash outflows from cash inflows related to investments. Cash inflows include the sale of land ($200,000) and sale of equipment ($100,000), totaling $300,000. Cash outflows include the purchase of equipment ($60,000). Therefore, net cash provided by investing activities is $300,000 - $60,000 = $240,000.

The Following Data Are Available for Nichols Corporation Net Cash Provided by Investing Activities Is: A)$240,000

The Following Data Are Available for Nichols Corporation Net Cash Provided by Investing Activities Is:
A)$240,000