Use the following cash flow data of Haven Hardware for the year ended December 31, 2008.
-What is the net cash provided by or used in investing activities of Haven Hardware?
A) ($12,000)
B) ($62,000)
C) $12,000
D) $164,000

Question

Use the following cash flow data of Haven Hardware for the year ended December 31, 2008. 
-What is the net cash provided by or used in investing activities of Haven Hardware?
A) ($12,000) 
B) ($62,000) 
C) $12,000 
D) $164,000

Quizplus · Accepted Answer

Haven Hardware's net cash provided by or used in investing activities is ($12,000). This is calculated by taking the difference between the cash inflows and outflows from investing activities. The cash inflows include the sale of equipment for $12,000, while the cash outflows include the purchase of land for $74,000.

Use the Following Cash Flow Data of Haven Hardware for the Year