Trevar Corporation had the following information for 2021: Issued common stock for cash. Increase in wages payable Declared and paid a cash dividend Sold a long-term investment (cost $6,000) for cash Net income for the year Depreciation expense Purchased equipment Repaid a 6-year note payable What is the net cash provided/used by investing activities? O $69,000 used O $81,000 provided O $69,000 provided O $1,075,000 used $250,000 120,000 20,000 6,000 280,000 110,000 75,000 440,000
Trevar Corporation had the following information for 2021: Issued common stock for cash. Increase in wages payable Declared and paid a cash dividend Sold a long-term investment (cost $6,000) for cash Net income for the year Depreciation expense Purchased equipment Repaid a 6-year note payable What is the net cash provided/used by investing activities? O $69,000 used O $81,000 provided O $69,000 provided O $1,075,000 used $250,000 120,000 20,000 6,000 280,000 110,000 75,000 440,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![Trevar Corporation had the following information for 2021
Issued common stock for cash.
Increase in wages payable
Declared and paid a cash dividend
Sold a long-term investment (cost $6,000) for cash
Net income for the year
Depreciation expense
Purchased equipment
Repaid a 6-year note payable
What is the net cash provided/used by investing activities?
O $69,000 used
O $81,000 provided
O $69,000 provided
O $1,075,000 used
$250,000
120,000
20,000
6,000
280,000
110,000
75,000
440,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fae506661-644e-4169-a862-a9997a70c34b%2F82508c8f-c179-44ee-b0b1-921f6483911a%2Fbm1c5j_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Trevar Corporation had the following information for 2021
Issued common stock for cash.
Increase in wages payable
Declared and paid a cash dividend
Sold a long-term investment (cost $6,000) for cash
Net income for the year
Depreciation expense
Purchased equipment
Repaid a 6-year note payable
What is the net cash provided/used by investing activities?
O $69,000 used
O $81,000 provided
O $69,000 provided
O $1,075,000 used
$250,000
120,000
20,000
6,000
280,000
110,000
75,000
440,000
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