Question
Crane Company recorded the following cash transactions for the year: Paid $245000 for salaries. Paid $50000 to purchase equipment. Collected $6000 from the sale of
Crane Company recorded the following cash transactions for the year:
Paid $245000 for salaries.
Paid $50000 to purchase equipment.
Collected $6000 from the sale of investments.
Repaid $40000 of loan principle.
Paid $210000 for other operating expenses.
Paid $105000 in dividends.
Collected $640000 from customers.
What was Crane's net cash provided (used) by investing activities?
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Costing
Authors: Lucey
7th Edition
1844809439, 978-1844809431
