Wainwright Corporation had the following activities in 2012. 1. Sale of land $180,000 2. Purchase of inventory

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Wainwright Corporation had the following activities in 2012.
1. Sale of land $180,000
2. Purchase of inventory $845,000
3. Purchase of treasury stock $72,000

4. Purchase of equipment $415,000

5. Issuance of common stock $320,000

6. Purchase of available-for-sale securities $59,000

Compute the amount Wainwright should report as net cash provided (used) by investing activities in its statement of cash flows.

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Intermediate Accounting

ISBN: 978-0470587287

14th Edition

Authors: kieso, weygandt and warfield.

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Question Posted: Sep 19, 2022 07:51 AM

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Wainwright Corporation had the following activities in 2012. 1. Sale of land $180,000 2. Purchase of inventory

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Answer Cash flow from investing activities Proceeds from Sale of land ...View the full answer

Intermediate Accounting

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