MechTech Incorporated started the year with $120,400 cash and reported net cash provided by operating activities of $242,500, cash paid for dividends of $50,200, cash received from stock issuance of $47,000, cash paid for equipment purchases of $158,500, cash paid for intangible assets of $125,500, and cash paid on bank loan of $43,500. Required: Calculate the following: 1. Net cash provided by (used in) investing activities. 2. Net cash provided by (used in) financing activities. 3. Ending cash. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Calculate net cash provided by (used in) investing activities. (Amounts to be deducted should be indicated with a minus sign.) Investing Activities Cash paid for equipment purchases Net cash provided by (used in) investing activities $ Amount (158,500) (158,500)
MechTech Incorporated started the year with $120,400 cash and reported net cash provided by operating activities of $242,500, cash paid for dividends of $50,200, cash received from stock issuance of $47,000, cash paid for equipment purchases of $158,500, cash paid for intangible assets of $125,500, and cash paid on bank loan of $43,500. Required: Calculate the following: 1. Net cash provided by (used in) investing activities. 2. Net cash provided by (used in) financing activities. 3. Ending cash. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Calculate net cash provided by (used in) investing activities. (Amounts to be deducted should be indicated with a minus sign.) Investing Activities Cash paid for equipment purchases Net cash provided by (used in) investing activities $ Amount (158,500) (158,500)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![MechTech Incorporated started the year with $120,400 cash and reported net cash provided by operating activities of $242,500, cash
paid for dividends of $50,200, cash received from stock issuance of $47,000, cash paid for equipment purchases of $158,500, cash
paid for intangible assets of $125,500, and cash paid on bank loan of $43,500.
Required:
Calculate the following:
1. Net cash provided by (used in) investing activities.
2. Net cash provided by (used in) financing activities.
3. Ending cash.
Complete this question by entering your answers in the tabs below.
Required 1 Required 2
Required 3
Calculate net cash provided by (used in) investing activities. (Amounts to be deducted should be indicated with a minus sign.)
Investing Activities
Cash paid for equipment purchases
Net cash provided by (used in) investing activities
+
$
Amount
(158,500)
(158,500)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa3cae971-3c7b-4b58-988d-d641335a2bed%2F8cd8c38e-933e-490a-b3b1-19be52aa71bf%2F41r545m_processed.jpeg&w=3840&q=75)
Transcribed Image Text:MechTech Incorporated started the year with $120,400 cash and reported net cash provided by operating activities of $242,500, cash
paid for dividends of $50,200, cash received from stock issuance of $47,000, cash paid for equipment purchases of $158,500, cash
paid for intangible assets of $125,500, and cash paid on bank loan of $43,500.
Required:
Calculate the following:
1. Net cash provided by (used in) investing activities.
2. Net cash provided by (used in) financing activities.
3. Ending cash.
Complete this question by entering your answers in the tabs below.
Required 1 Required 2
Required 3
Calculate net cash provided by (used in) investing activities. (Amounts to be deducted should be indicated with a minus sign.)
Investing Activities
Cash paid for equipment purchases
Net cash provided by (used in) investing activities
+
$
Amount
(158,500)
(158,500)
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