During the current year,ABC Corporation purchased a warehouse for $1,200,000.In order to pay for the warehouse,ABC sold its investment in another company's common stock costing $900,000 for $1,400,000.What amount is reported in ABC's investing section of its statement of cash flows?

Question

Quizplus · Accepted Answer

The net cash provided by investing activities is $200,000, calculated as the $1,400,000 received from selling the stock minus the $1,200,000 spent on purchasing the warehouse.

During the Current Year,ABC Corporation Purchased a Warehouse for $1,200,000