The following financial information is available for Ligutti Company:

-Refer to Exhibit 13-6. Additional information for Ligutti Company:
What was the net cash provided by (used in) investing activities?

Question

The following financial information is available for Ligutti Company:
 
-Refer to Exhibit 13-6. Additional information for Ligutti Company:
 What was the net cash provided by (used in) investing activities?

Quizplus · Accepted Answer

The net cash provided by (used in) investing activities can be found by adding the cash flows from the sale of investments ($10,000), the purchase of equipment ($-75,000), and the purchase of investments ($-8,000): 
$10,000 - $75,000 - $8,000 = ($73,000)
Therefore, the correct answer is B, ($73,000).

The Following Financial Information Is Available for Ligutti Company