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. 4. Net cash 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. by investing activities $

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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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.
$
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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