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

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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