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Monty Corporation had the following activities in 2020. 1.   Sale of land $194,000   4.   Purchase of equipment $386,000 2.   Purchase of inventory $913,000   5.   Issuance of common stock $326,000 3.   Purchase of treasury stock $74,000   6.   Purchase of available-for-sale debt securities $54,000 Compute the amount Monty should report as net cash provided (used) by investing activities in its 2020 statement of cash flows. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) Net cash select an option

Monty Corporation had the following activities in 2020. 1.   Sale of land $194,000   4.   Purchase of equipment $386,000 2.   Purchase of inventory $913,000   5.   Issuance of common stock $326,000 3.   Purchase of treasury stock $74,000   6.   Purchase of available-for-sale debt securities $54,000 Compute the amount Monty should report as net cash provided (used) by investing activities in its 2020 statement of cash flows. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) Net cash select an option

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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2.

Monty Corporation had the following activities in 2020.

1.
   Sale of land $194,000  
4.
   Purchase of equipment $386,000
2.
   Purchase of inventory $913,000  
5.
   Issuance of common stock $326,000
3.
   Purchase of treasury stock $74,000  
6.
   Purchase of available-for-sale debt securities $54,000


Compute the amount Monty should report as net cash provided (used) by investing activities in its 2020 statement of cash flows. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

Net cash select an option                                                            by investing activities  
$enter a dollar amount 
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