Napier Co. provided the following information on selected transactions during 2021: Purchase of land by issuing bonds $1,000,000 Proceeds from issuing bonds 3,000,000 Purchases of inventory 3,800,000 Purchases of treasury stock 600,000 Loans made to affiliated corporations 1,400,000 Dividends paid to preferred stockholders 400,000 Proceeds from issuing preferred stock 1,600,000 Proceeds from sale of equipment 300,000
Napier Co. provided the following information on selected transactions during 2021: Purchase of land by issuing bonds $1,000,000 Proceeds from issuing bonds 3,000,000 Purchases of inventory 3,800,000 Purchases of treasury stock 600,000 Loans made to affiliated corporations 1,400,000 Dividends paid to preferred stockholders 400,000 Proceeds from issuing preferred stock 1,600,000 Proceeds from sale of equipment 300,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question 44
Napier Co. provided the following information on selected transactions during 2021:
The net cash provided (used) by investing activities during 2021 is
| Purchase of land by issuing bonds | $1,000,000 |
| Proceeds from issuing bonds | 3,000,000 |
| Purchases of inventory | 3,800,000 |
| Purchases of |
600,000 |
| Loans made to affiliated corporations | 1,400,000 |
| Dividends paid to preferred stockholders | 400,000 |
| Proceeds from issuing |
1,600,000 |
| Proceeds from sale of equipment | 300,000 |
The net cash provided (used) by investing activities during 2021 is
|
$300,000.
|
||
|
$(2,100,000).
|
||
|
$(4,500,000).
|
||
|
$(1,100,000).
|
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