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Brief Exercise 23-2 Bramble Corporation had the following activities in 2017. 1. Sale of land $167,000 4. Purchase of equipment $378,000 2. Purchase of inventory
Brief Exercise 23-2
Bramble Corporation had the following activities in 2017.
1. | Sale of land $167,000 | 4. | Purchase of equipment $378,000 | |||
2. | Purchase of inventory $904,000 | 5. | Issuance of common stock $345,000 | |||
3. | Purchase of treasury stock $68,000 | 6. | Purchase of available-for-sale debt securities $53,000 |
Compute the amount Bramble 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 provided or used? investing activities $______________
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