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Teal Corporation had the following activities in 2020. 1. Sale of land $184,000 4. Purchase of equipment $415,000 2. Purchase of inventory $873,000 5. Issuance
Teal Corporation had the following activities in 2020.
1. | Sale of land $184,000 | 4. | Purchase of equipment $415,000 | |||
---|---|---|---|---|---|---|
2. | Purchase of inventory $873,000 | 5. | Issuance of common stock $288,000 | |||
3. | Purchase of treasury stock $64,000 | 6. | Purchase of available-for-sale debt securities $55,000 |
Compute the amount Teal should report as net cash provided (used) by investing activities in its 2020 statement of cash flows. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)
Net cash select an option usedprovided by investing activities | $enter a dollar amount |
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