Russell corporation had the following activities: Recorded depreciation at $5,000 Purchased $10,000 of equipment with cash...
Russell corporation had the following activities:
Recorded depreciation at $5,000
Purchased $10,000 of equipment with cash
Paid $4,000 in interest payments
Received $8,000 for sale of an asset
What is the amount of net cash flows from (used for) investing activities?
Homework Answers
| Purchase of equipment | -10,000 |
| Sale of assets | 8,000 |
| Net cash used for investing activities | $2,000 |
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Income tax expense
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2017
2016
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