The following data are available for Alamo Corporation. $$\begin{array} { l r }
\text { Sale of land } & \$ 225,000 \
\text { Sale of equipment } & \$ 130,000 \
\text { Issuance of common stock } & 140,000 \
\text { Purchase of equipment } & 70,000 \
\text { Payment of cash dividends } & 120,000
\end{array}$$ Net cash provided by investing activities is:
A) $285,000.
B) $260,000.
C) $305,000.
D) $425,000.

Question

The following data are available for Alamo Corporation. $$\begin{array} { l r } 
\text { Sale of land } & \$ 225,000 \
\text { Sale of equipment } & \$ 130,000 \
\text { Issuance of common stock } & 140,000 \
\text { Purchase of equipment } & 70,000 \
\text { Payment of cash dividends } & 120,000
\end{array}$$ Net cash provided by investing activities is:
A) $285,000.
B) $260,000.
C) $305,000.
D) $425,000.

Quizplus · Accepted Answer

Net cash provided by investing activities = Sale of land + Sale of equipment - Purchase of equipment = $225,000 + $130,000 - $70,000 = $285,000.

The Following Data Are Available for Alamo Corporation Net Cash Provided by Investing Activities Is: A) $285,000

The Following Data Are Available for Alamo Corporation Net Cash Provided by Investing Activities Is:
A) $285,000