Use the following cash flow data of Haven Hardware for the year ended December 31, 2015. Cash Dividends $70,000 Purchase of Land $28,000 Cash Payment on Interest $20,000 Cash Payment on Salaries $90,000 Sales of of Equipment $76,000 Retirement of Common Stock $50,000 Purchase of Equipment $60,000 Cash Payments to Suppliers $170,000 Cash Collections from Customers $500,000 Cash at the Beginning of the Year $100,000 What is the net cash provided by or used in investing activities of Haven Hardware?

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Business

Ella Pope

20 November, 00:20

Use the following cash flow data of Haven Hardware for the year ended December 31, 2015. Cash Dividends $70,000 Purchase of Land $28,000 Cash Payment on Interest $20,000 Cash Payment on Salaries $90,000 Sales of of Equipment $76,000 Retirement of Common Stock $50,000 Purchase of Equipment $60,000 Cash Payments to Suppliers $170,000 Cash Collections from Customers $500,000 Cash at the Beginning of the Year $100,000 What is the net cash provided by or used in investing activities of Haven Hardware?

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Sky · Answer 1

cash used for investing activites - 12,000

Explanation:

proceed from equipment 76,000

Land acquisition - 28,000

disbursement on equipment - 60,000

cash used for investing activites - 12,000

The dividends and stock transaction are part of the financing activites.

The proceed from sales and payment to providor are operating activities

So both of this should be ignore if we are asked for the investing activities.