Question
. Bravo, Inc. reported net income of $88,000 for the year ended December 31, 2018. Included in net income were depreciation expense of $16,800 and
. Bravo, Inc. reported net income of $88,000 for the year ended December 31, 2018. Included in net income were depreciation expense of $16,800 and a gain on sale of equipment of $3,400. The equipment had an historical cost of $80,000 and accumulated depreciation of $48,000. Each of the following accounts increased during 2018:
Land $11,000
Prepaid rent $13,600
Available-for-sale securities $2,000
Bonds payable $10,000
What is the amount of cash provided by or used by investing activities for Bravo, Inc. for the year ended December 31, 2018?
SHOW LABELLED WORK
cash provided by or used by $______________
Circle one If not investing section, where? And how handled?
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