Question
Listed below are some of the transactions of Carpenter Corporation during the current year: On January 1, equipment costing $20,804 with accumulated depreciation of $8,253
Listed below are some of the transactions of Carpenter Corporation during the current year:
- On January 1, equipment costing $20,804 with accumulated depreciation of $8,253 was sold for $7,461.
- On March 1, investments costing $22,155 were sold for $36,157. $29,820 of the cash received was used to purchase other investments.
- On June 1, bonds were issued totaling $72,131.
- On September 1, 988 shares of common stock were issued at par value of $21 per share.
- On December 31, dividends totaling $9,537 were declared and paid.
What is the effect of these transactions on the net cash provided (used) by operating activities?
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Intermediate Accounting
Authors: Beechy Thomas, Conrod Joan, Farrell Elizabeth, McLeod Dick I
Volume 1, 6th Edition
1259103250, 978-1259103254, 978-0071339476
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