Question
Use the following cash flow data of Haven Hardware for the year ended December 31, 2020. Cash Dividend $ 70,000 Purchase of Land $ 28,000
Use the following cash flow data of Haven Hardware for the year ended December 31, 2020.
| Cash Dividend | $ 70,000 |
|---|---|
| Purchase of Land | $ 28,000 |
| Cash Payment on Interest | $ 20,000 |
| Cash Payment on Salaries | $ 90,000 |
| Sales of Equipment | $ 76,000 |
| Retirement of Common Stock | $ 50,000 |
| Purchase of Equipment | $ 60,000 |
| Cash Payments to Suppliers | $ 170,000 |
| Cash Collections from Customers | $ 500,000 |
| Cash at the Beginning of the Year | $ 100,000 |
What is the net cash provided by or used in investing activities of Haven Hardware?
Multiple Choice
-
$12,000
-
$12,000
-
$62,000
-
$164,000
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Contemporary Financial Management
Authors: James R Mcguigan, R Charles Moyer, William J Kretlow
10th Edition
978-0324289114, 0324289111
