Tandoor Inc. financial statements included the following amounts for the current year: Retired bonds $73,000 Proceeds from collection of note receivable 37 comma 000 Dividends received 45,000 Acquired production machinery with cash 52 comma 000 Sold treasury stock 31 comma 000 Based on this information, what is the amount of net cash provided (used) by investing activities?

Question

Business

Justine Edwards

24 December, 20:54

Tandoor Inc. financial statements included the following amounts for the current year: Retired bonds $73,000 Proceeds from collection of note receivable 37 comma 000 Dividends received 45,000 Acquired production machinery with cash 52 comma 000 Sold treasury stock 31 comma 000 Based on this information, what is the amount of net cash provided (used) by investing activities?

+2

Answers (1)

Know the Answer?

Shannon Barnett · Answer 1

-$15,000

Explanation:

The computation of the net cash provided or used by investing activities is shown below:

= Proceeds from collection of note receivable - Acquired production machinery with cash

= $37,000 - $52,000

= - $15,000

This negative amount represents the cash used by investing activities

Plus the collection show the inflow of cash and the acquired production represents the outflow of cash