Wainwright Corporation had the following activities in 2025. 1. Sale of land $180,000. 4. Purchase of equipment $415,000. 2. Purchase of inventory $845,000. 5. Issuance of common stock $320,000. 3. Purchase of treasury stock $72,000. 6. Purchase of available-for-sale debt securities $59,000. Compute the amount Wainwright should report as net cash provided (used) by investing activities in its 2025 statement of cash flows. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) Net cash used by investing activities +A $
Wainwright Corporation had the following activities in 2025. 1. Sale of land $180,000. 4. Purchase of equipment $415,000. 2. Purchase of inventory $845,000. 5. Issuance of common stock $320,000. 3. Purchase of treasury stock $72,000. 6. Purchase of available-for-sale debt securities $59,000. Compute the amount Wainwright should report as net cash provided (used) by investing activities in its 2025 statement of cash flows. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) Net cash used by investing activities +A $
Chapter16: Statement Of Cash Flows
Section: Chapter Questions
Problem 6EB: Use the following excerpts from Indigo Companys balance sheets to determine net cash flows from...
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
Transcribed Image Text:Wainwright Corporation had the following activities in 2025.
1.
Sale of land $180,000.
4.
Purchase of equipment $415,000.
2.
Purchase of inventory $845,000.
5.
Issuance of common stock $320,000.
3.
Purchase of treasury stock $72,000.
6.
Purchase of available-for-sale debt securities $59,000.
Compute the amount Wainwright should report as net cash provided (used) by investing activities in its 2025 statement of cash flows.
(Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)
Net cash used
by investing activities
+A
$
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