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Use the following company information to calculate net cash provided or used by investing activities: (1) Equipment with a book value of $131,250 and an
Use the following company information to calculate net cash provided or used by investing activities: (1) Equipment with a book value of $131,250 and an original cost of $225,000 was sold at a loss of $12,750. (2) Paid $46,500 cash for a new truck. (3) Sold land costing $24,000 for $27,000 cash, realizing a $3,000 gain. (4) Purchased treasury stock for $45,750 cash. (5) Long-term investments in stock are sold for $30,750 cash, realizing a gain of $2,625. A. $84,000 cash provided by investing activities. B. $129,750 cash provided by investing activities. C. $129,750 cash used in investing activities. D. $84,000 cash used in investing activities
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