Question
Stevens Studios engaged in the following activities during the year: Purchased 140 shares of Monk Industries for $11,500 Sold 50 shares of Hinson Healthcare for
Stevens Studios engaged in the following activities during the year:
Purchased 140 shares of Monk Industries for $11,500 | ||
Sold 50 shares of Hinson Healthcare for $2,110 | ||
Purchased new equipment costing $71,090 for $18,900 cash and a $52,190 note payable | ||
Sold equipment with a book value of $50,060 for $36,220 |
Prepare the cash flows provided by investing activities section of Stevens Studios statement of cash flows. (If amount decreases cash flow then enter with a negative sign preceding the number or parenthesis, e.g. -15,000 or (15,000).)
Cash flows from investing activities | ||
Loss on sale of land/ Purchase of marketable securities/ Sale of marketable securities/ Purchase of equipment/ Sale of equipment/ Purchase of treasury stock | $ | |
Purchase of marketable securities/ Purchase of treasury stock/ Sale of marketable securities/ Purchase of equipment/ Sale of equipment/ Loss on sale of land | ||
Loss on sale of land/ Purchase of treasury stock/ Purchase of marketable securities/ Sale of equipment/ Sale of marketable securities/ Purchase of equipment | ||
Sale of marketable securities/ Loss on sale of land/ Purchase of marketable securities/ Purchase of treasury stock/ Purchase of equipment/ Sale of equipment | ||
Net cash providedused by investing activities | $ |
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