Net income $ 9,500 Cash dividends paid to stockholders Cash proceeds from sale of land Cash proceeds from bank loan Cash payment (principal) on bank loan Cash paid to purchase equipment 2,400 3,200 6,200 1,500 4,800 The company would report net cash provided by (used in) investing activities of: Multiple Choice $(1,600). $(11,700). $6,200. $9,500.

Net income $ 9,500 Cash dividends paid to stockholders Cash proceeds from sale of land Cash proceeds from bank loan Cash payment (principal) on bank loan Cash paid to purchase equipment 2,400 3,200 6,200 1,500 4,800 The company would report net cash provided by (used in) investing activities of: Multiple Choice $(1,600). $(11,700). $6,200. $9,500.

Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter6: Cash And Internal Control

Section: Chapter Questions

Problem 6.2E

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