FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Transcribed Image Text:Cullumber Corporation had the following activities in 2025.
1.
2.
3.
Sale of land $192,000.
Purchase of inventory $799,000.
Purchase of treasury stock $71,000.
Net cash
4.
by investing activities
5.
6.
Compute the amount Cullumber 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).)
Purchase of equipment $408,000.
Issuance of common stock $312,000.
Purchase of available-for-sale debt securities $61,000.
$
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