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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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