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Category > Accounting Posted 26 May 2017 My Price 5.00

Wainwright Corporation had the following activities in 2014

Wainwright Corporation had the following activities in 2014.

1. Sale of land $180,000.                               4. Purchase of equipment $415,000.

2. Purchase of inventory $845,000.           5. Issuance of common stock $320,000.

3. Purchase of treasury stock $72,000.    6. Purchase of available-for-sale securities $59,000.

Compute the amount Wainwright should report as net cash provided (used) by investing activities in its 2014 statement of cash flows.

 

 

Jan 28 2017 08:56 AM

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Alpha Geek
(8)
Status NEW Posted 26 May 2017 11:05 AM My Price 5.00

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file 1495798890-Answer.docx preview (110 words )
W-----------ain-----------wri-----------ght----------- Co-----------rpo-----------rat-----------ion----------- ha-----------d t-----------he -----------fol-----------low-----------ing----------- ac-----------tiv-----------iti-----------es -----------in -----------201-----------4. ----------- 1.----------- Sa-----------le -----------of -----------lan-----------d $-----------180-----------,00-----------0. ----------- Â----------- Â ----------- Â----------- Â ----------- Â----------- Â ----------- Â----------- Â ----------- Â----------- Â ----------- Â----------- Â ----------- Â----------- Â ----------- Â----------- Â ----------- Â----------- Â ----------- Â-----------  4-----------. P-----------urc-----------has-----------e o-----------f e-----------qui-----------pme-----------nt -----------$41-----------5,0-----------00.----------- 2-----------. P-----------urc-----------has-----------e o-----------f i-----------nve-----------nto-----------ry -----------$84-----------5,0-----------00.-----------  ----------- Â----------- Â ----------- Â----------- Â ----------- Â-----------  5-----------. I-----------ssu-----------anc-----------e o-----------f c-----------omm-----------on -----------sto-----------ck -----------$32-----------0,0-----------00.----------- 3-----------. P-----------urc-----------has-----------e o-----------f t-----------rea-----------sur-----------y s-----------toc-----------k $-----------72,-----------000-----------. Â----------- Â ----------- 6.----------- Pu-----------rch-----------ase----------- of----------- av-----------ail-----------abl-----------e-f-----------or------------sal-----------e s-----------ecu-----------rit-----------ies----------- $5-----------9,0-----------00.----------- C-----------omp-----------ute----------- th-----------e a-----------mou-----------nt -----------Wai-----------nwr-----------igh-----------t s-----------hou-----------ld -----------rep-----------ort----------- as----------- ne-----------t c-----------ash-----------
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