The following data are available for Nichols Corporation. Sale of land $300,000
Sale of equipment 150,000
Issuance of ordinary shares 210,000
Purchase of equipment 90,000
Payment of cash dividends 180,000
Net cash provided by investing activities is:
A) $360,000.
B) $390,000.
C) $450,000.
D) $570,000.

Question

Quizplus · Accepted Answer

Net cash provided by investing activities is calculated by adding cash inflows from investing activities and subtracting cash outflows. Cash inflows include the sale of land ($300,000) and sale of equipment ($150,000), totaling $450,000. Cash outflows include the purchase of equipment ($90,000). Therefore, net cash provided by investing activities is $450,000 - $90,000 = $360,000.

The Following Data Are Available for Nichols Corporation