Question
Blossom Corporation had the following activities in 2017. 1. Sale of land $194,000 4. Purchase of equipment $386,000 2. Purchase of inventory $913,000 5. Issuance
Blossom Corporation had the following activities in 2017. 1. Sale of land $194,000 4. Purchase of equipment $386,000 2. Purchase of inventory $913,000 5. Issuance of common stock $326,000 3. Purchase of treasury stock $74,000 6. Purchase of available-for-sale debt securities $54,000 Compute the amount Blossom should report as net cash provided (used) by investing activities in its 2017 statement of cash flows. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) Net cash by investing activities $
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