Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN: 9781337788281
Author: James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher: Cengage Learning
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Jones Corporation had the following transactions during the year:
Purchase of equipment: $85,000
⚫ Sale of investments: $45,000
Payment of dividends: $32,000
⚫ Collection of loan from subsidiary: $38,000
⚫ Interest payments: $15,000
⚫ Purchase of treasury stock: $28,000
Calculate the net cash provided by (used in) investing activities.
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Transcribed Image Text:Jones Corporation had the following transactions during the year: Purchase of equipment: $85,000 ⚫ Sale of investments: $45,000 Payment of dividends: $32,000 ⚫ Collection of loan from subsidiary: $38,000 ⚫ Interest payments: $15,000 ⚫ Purchase of treasury stock: $28,000 Calculate the net cash provided by (used in) investing activities.
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