Listed below are some of the transactions of Carpenter Corporation during the current year: On January...

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Listed below are some of the transactions of Carpenter Corporation during the current year: On January...

Listed below are some of the transactions of Carpenter Corporation during the current year:

On January 1, equipment costing $20,804 with accumulated depreciation of $8,253 was sold for $7,461.
On March 1, investments costing $22,155 were sold for $36,157. $29,820 of the cash received was used to purchase other investments.
On June 1, bonds were issued totaling $72,131.
On September 1, 988 shares of common stock were issued at par value of $21 per share.
On December 31, dividends totaling $9,537 were declared and paid.

What is the effect of these transactions on the net cash provided (used) by operating activities?

business accounting

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Answer 1

Answer #1

Net cash provided (used) by operating activities = $0

Explanation: In this question all items are related to investing and financing activities. So cash flow from operating activities will be 0.

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Answer 2

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