Current Attempt in ProgressSkysong Corporation had the following activities in 2020.1.2.Your answer is incorrect.3.Sale of land $166,000Purchase of inventory $791,000Purchase of treasury stock $67,000 6.Purchase of equipment $451,0005. Issuance of common stock $331,000Net cash used4.Compute the amount Skysong should report as net cash provided (used) by investing activities in its 2020 statement of cash flo(Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)Purchase of available-for-sale debt securities $59,000by investing activities $996,000

Cash Flow Statement :— It is one of the financial statement that shows change in cash and cash…

Skysong Corporation had the following activities in 2020. 1. 2. 3. Sale of land $166,000 Purchase of inventory $791,000 Purchase of treasury stock $67,000 Purchase of equipment $451,000 5. Issuance of common stock $331,000 Net cash used 4. 6. Compute the amount Skysong should report as net cash provided (used) by investing activities in its 2020 statement of cash flow (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) Purchase of available-for-sale debt securities $59,000 by investing activities $ 996,000

Skysong Corporation had the following activities in 2020. 1. 2. 3. Sale of land $166,000 Purchase of inventory $791,000 Purchase of treasury stock $67,000 Purchase of equipment $451,000 5. Issuance of common stock $331,000 Net cash used 4. 6. Compute the amount Skysong should report as net cash provided (used) by investing activities in its 2020 statement of cash flow (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) Purchase of available-for-sale debt securities $59,000 by investing activities $ 996,000

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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