1. 2. 3. le Corporation had the following activities in 2020. Sale of land $163,000 Purchase of inventory $878,000 Purchase of treasury stock $69,000 Purchase of equipment $433,000 5. Issuance of common stock $340,000 6. Purchase of available-for-sale debt securities $60,000 4. Compute the amount Oriole should report as net cash provided (used) by investing activities in its 2020 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).)
1. 2. 3. le Corporation had the following activities in 2020. Sale of land $163,000 Purchase of inventory $878,000 Purchase of treasury stock $69,000 Purchase of equipment $433,000 5. Issuance of common stock $340,000 6. Purchase of available-for-sale debt securities $60,000 4. Compute the amount Oriole should report as net cash provided (used) by investing activities in its 2020 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).)
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter14: Statement Of Cash Flows
Section: Chapter Questions
Problem 37E: During 20X1, Craig Company had the following transactions: a. Purchased 300,000 of 10-year bonds...
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Transcribed Image Text:Oriole Corporation had the following activities in 2020.
1.
2.
3.
Sale of land $163,000
Purchase of inventory $878,000
Purchase of treasury stock $69,000
Net cash used
Purchase of equipment $433,000
5. Issuance of common stock $340,000
6. Purchase of available-for-sale debt securities $60,000
Compute the amount Oriole should report as net cash provided (used) by investing activities in its 2020 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).)
by investing activities
4.
$
LA
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