Jones Corporation had the following transactions during the year: Purchase of equipment: $85,000 ⚫ Sale of investments: $45,000 Payment of dividends: $32,000 ⚫ Collection of loan from subsidiary: $38,000 ⚫ Interest payments: $15,000 ⚫ Purchase of treasury stock: $28,000 Calculate the net cash provided by (used in) investing activities.

Jones Corporation had the following transactions during the year: Purchase of equipment: $85,000 ⚫ Sale of investments: $45,000 Payment of dividends: $32,000 ⚫ Collection of loan from subsidiary: $38,000 ⚫ Interest payments: $15,000 ⚫ Purchase of treasury stock: $28,000 Calculate the net cash provided by (used in) investing activities.

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter5: The Income Statement And The Statement Of Cash Flows

Section: Chapter Questions

Problem 13P: Statement of Cash Flows The following are Mueller Companys cash flow activities: a. Net income,...

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