Question

Please answer asap The following information is available for Hundred Acre Wood Inc. $9,400 loss on...

Please answer asap

The following information is available for Hundred Acre Wood Inc.

$9,400 loss on sale of land

$180,000 net income

$30,000 decrease in accounts receivable

$46,000 book value of land sold

$17,000 increase in investments

What is the amount of net cash provided (used) by investing activities?

If there is net cash provided by investing activities, enter as a positive number. Examples: 1003 or 20058

If there is net cash used by investing activities, enter as a negative number. Examples: -1003 or -20058 --- Do not use parentheses!

Business   Accounting   
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Homework Answers

Answer #1

Answer:

Net cash provided(used) by investing activities are $36,600

Explanation:

Statement of cash flows (partial)
Cash flows from investing activities:
Cash received from sale of land $36,600
Net cash provided(used) by investing activities $36,600

Calculations:

Book value of land sold $46,000
Less: Loss on sale of land -$9,400
Cash received from sale of land $36,600

Net income & Decrease in accounts receivables are come under 'Cash flows from Operating activities'.

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