Question
Listed below are some of the transactions of Carpenter Corporation during the current year: On January 1, equipment costing $21,385 with accumulated depreciation of $7,617
Listed below are some of the transactions of Carpenter Corporation during the current year: On January 1, equipment costing $21,385 with accumulated depreciation of $7,617 was sold for $7,773. On March 1, investments costing $26,250 were sold for $37,822. $29,828 of the cash received was used to purchase other investments. On June 1, bonds were issued totaling $67,995. On September 1, 960 shares of common stock were issued at par value of $21 per share. On December 31, dividends totaling $8,293 were declared and paid. What is the effect of these transactions on the net cash provided (used) by investing activities?
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