Question
Swifty Corporation had the following activities in 2020. Depreciation Expense $12,000 Received Dividends $42,000 Sale of Land at Book Value $196,000 Purchase of Inventory $847,000
Swifty Corporation had the following activities in 2020.
| Depreciation Expense | $12,000 |
| Received Dividends | $42,000 |
| Sale of Land at Book Value | $196,000 |
| Purchase of Inventory | $847,000 |
| Purchase of treasury stock | $69,000 |
| Decrease in Accounts Receivable | $4,000 |
| Purchase of equipment | $393,000 |
| Issuance of common stock | $299,000 |
| Purchase of available-for-sale debt securities | $53,000 |
| Paid dividends | $30,000 |
Compute the amount Swifty should report as net cash provided (used) by investing activities in its 2020 statement of cash flows.
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Managerial Accounting
Authors: Ray Garrison, Eric Noreen, Peter Brewer
15th edition
978-0077522940
