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Homework Answers
Answer is “$27,000 net outflow”
Proceeds from collection of note receivable = $33,000
Acquired production machinery with cash = $60,000
Net cash provided (used) by investing activities = Proceeds from
collection of note receivable - Acquired production machinery with
cash
Net cash provided (used) by investing activities = $33,000 -
$60,000
Net cash provided (used) by investing activities = -$27,000
So, the amount of net cash used by investing activities is $27,000 net outflow.
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more column), please follow the chart below to answer the question.
Thanks.
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Paid $35,000 cash for other operating expenses.
Paid a $10,000 cash dividend to the stockholders.
Determined that the market value of the land purchased in Event
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