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A company had the following cash flows for the year: (a) Purchased land, $60,000 (b) Borrowed from a local bank, $100,000 (c) Paid employee salaries, $50,000 (d) Issued common stock, $75,000 (e) Paid dividends, $20,000 (f) Sold equipment, $130,000 (g) Sold services to customers, $120,000 What amount would be reported for net investing cash flows in the statement of cash flows

Respuesta :

abiolataiwo2015

Answer:

$70,000

Explanation:

Calculation to determine What amount would be reported for net investing cash flows in the statement of cash flows

Using this formula

Net investing cash flows=(f) Equipment sold- (a) Purchased land

Let plug in the formula

Net investing cash flows=$130,000-$60,000

Net investing cash flows=$70,000

Therefore The amount thatwould be reported for net investing cash flows in the statement of cash flows is $70,000

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