In preparing a company's statement of cash flows for the most recent year,the following information is available:
Net cash flows from investing activities for the year were:
A)$134,000 of net cash used by investing activities.
B)$134,000 of net cash provided by investing activities.
C)$120,000 of net cash used by investing activities.
D)$252,000 of net cash used by investing activities.
E)$221,000 of net cash provided by investing activities.

Question

In preparing a company's statement of cash flows for the most recent year,the following information is available:
 Net cash flows from investing activities for the year were:
A)$134,000 of net cash used by investing activities. 
B)$134,000 of net cash provided by investing activities. 
C)$120,000 of net cash used by investing activities. 
D)$252,000 of net cash used by investing activities. 
E)$221,000 of net cash provided by investing activities.

Quizplus · Accepted Answer

Purchase of equipment $(145,000)
Purchase of land (115,000)
Proceeds from sale of equipment 126,000
$(134,000)

In Preparing a Company's Statement of Cash Flows for the Most