Question
15) Alabama, Inc. reported net income of $80,000 for the year ended December 31, 2021. Included in net income were depreciation expense of $10,800 and
15) Alabama, Inc. reported net income of $80,000 for the year ended December 31, 2021. Included in net income were depreciation expense of $10,800 and a gain on sale of equipment of $2,400. The equipment had an historical cost of $70,000 and accumulated depreciation of $55,000. Each of the following accounts increased during 2021:
Land $15,000 Prepaid rent $18,600 Bonds payable $20,000 Accounts Receivable $10,000
What is the amount of cash provided by or used by investing activities for Alabama, Inc. for the year ended December 31, 2021?
16) Green Co. provided the following information on selected transactions during 2021:
Purchase of land by issuing bonds $1,800,000 Proceeds from issuing bonds 3,500,000 Purchases of inventory 4,200,000 Purchases of treasury stock 550,000 Dividends paid to common stockholders 250,000 Proceeds from issuing common stock 2,200,000 Proceeds from sale of equipment 250,000
The net cash provided (used) by financing activities during 2021 is?
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