Mary Andrews,Inc.had the following transactions: On a statement of cash flows prepared under the indirect method,Net cash provided by investing activities is:
A)$469,000.
B)$539,000.
C)$522,000.
D)$570,000.

Question

Mary Andrews,Inc.had the following transactions:  On a statement of cash flows prepared under the indirect method,Net cash provided by investing activities is:
A)$469,000. 
B)$539,000. 
C)$522,000. 
D)$570,000.

Quizplus · Accepted Answer

Cash proceeds on sale of land $430,000 + Cash proceeds on sale of equipment $140,000 - Purchase of equipment with cash $48,000 = $522,000