Wainwright Corporation had the following activities in 2010. 1. Sale of land.............................................................$180,000 2. Purchase of inventory...........................................$845,000 3.
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Wainwright Corporation had the following activities in 2010.
1. Sale of land.............................................................$180,000
2. Purchase of inventory...........................................$845,000
3. Purchase of treasury stock.....................................$72,000
4. Purchase of equipment.........................................$415,000
5. Issuance of common stock...................................$320,000
6. Purchase of available-for-sale securities...............$59,000
Compute the amount Wainwright should report as net cash provided (used) by investing activities in its statement of cash flows.
CorporationA Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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Related Book For
Intermediate Accounting
ISBN: 978-0470423684
13th Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, And Terry D. Warfield
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