Question
Statement of cash flows G Corp had the following activities in 2008: Sale of land $230,000 Purchase of inventory $645,000 Purchase of treasury stock $33,000
Statement of cash flows
G Corp had the following activities in 2008:
Sale of land $230,000
Purchase of inventory $645,000
Purchase of treasury stock $33,000
Purchase of equipment $320,000
Issuance of common stock $150,000
Purchase of Investments $60,000
Compute the amount G Corp should report as net cash provided (used) by investing activities in the statement of cash flows.
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The Auditor An Instructional Novella
Authors: James K. Loebbecke
1st Edition
0130799769, 978-0130799760
