Maddox Corporation had the following activities in 2014. 1. Sold land for $180,000. 2. Purchased investment in

Question:

Maddox had the following activities in 2014.
1. Sold land for $180,000.
2. Purchased investment in common shares for $15,000, for trading purposes.
3. Purchased inventory for $845,000.
4. Received $73,000 cash from bank borrowings.
5. Received interest for $11,000.
6. Purchased equipment for $495,000.
7. Issued common shares for $350,000.
8. Recorded an unrealized gain of $3,000 on investments accounted for using the fair value through net income (FVNI) model.
9. Purchased investments in bonds, reported at amortized cost for $61,000.
10. Declared and paid a of $18,000 (charged to retained earnings).
11. Investments in bonds reported at amortized cost, with a carrying amount of $410,000, were sold for $415,000.
12. Dividends were received for $4,000.
Calculate the amount that Maddox should report as net cash provided (used) by investing activities on its statement of cash flows under
(a) IFRS
(b) ASPE.
Under IFRS, Maddox would adopt the policy of classifying interest and dividends paid as financing activities, and interest and dividends received as investing activities.
Corporation
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