Splish Corporation had the following activities in 2025. Sale of land $194,000. Purchase of inventory $781,000. Purchase of treasury stock $71,000. Purchase of equipment $398,000. Issuance of common stock $311,000. Purchase of available-for-sale debt securities $54,000. Compute the amount Splish should report as net cash provided (used) by investing activities in its 2025 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).) Net cash used by investing activities $

Splish Corporation had the following activities in 2025. Sale of land $194,000. Purchase of inventory $781,000. Purchase of treasury stock $71,000. Purchase of equipment $398,000. Issuance of common stock $311,000. Purchase of available-for-sale debt securities $54,000. Compute the amount Splish should report as net cash provided (used) by investing activities in its 2025 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).) Net cash used by investing activities $

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter21: The Statement Of Cash Flows

Section: Chapter Questions

Problem 7MC

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