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Practice Question 34 Investing activities include acquiring and disposing of investment and property, plant, and equipment, and lending money and collecting loans. The following are

Practice Question 34

Investing activities include acquiring and disposing of investment and property, plant, and equipment, and lending money and collecting loans.

The following are data concerning cash received or paid from various transactions for Orange Peels Corporation:

Sale of land $100,000

Sale of equipment 50,000

Issuance of common stock 70,000

Purchase of equipment 30,000

Payment of cash dividends 60,000

How much is net cash provided by investing activities?

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