In preparing Tywin Company's statement of cash flows for the most recent year, the following information is available: Purchase of equipment $ 260,000 Proceeds from the sale of equipment 87,000 Purchase of land 91,000 Net cash flows from investing activities for the year were:

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Business

Angelique Buchanan

1 December, 15:53

In preparing Tywin Company's statement of cash flows for the most recent year, the following information is available: Purchase of equipment $ 260,000 Proceeds from the sale of equipment 87,000 Purchase of land 91,000 Net cash flows from investing activities for the year were:

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Alejandro Phillips · Answer 1

-$264,000

Explanation:

The net cash flows from investing activities for the year is presented below

Cash flow from investing activities

Purchase of equipment - $260,000

Proceeds from the sale of equipment $87,000

Purchase of land - $91,000

Net cash flow used by investing activities - $264,000

The purchase is a cash outflow so it would be shown in a minus sign whereas sales is a cash inflow so it would be added