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28 March, 00:01

The following are data concerning cash received or paid from various transactions for Orange Peels Corporation. Sale of land - $100,000 Sale of equipment - $50,000 Issuance of common stock - $70,000 Purchase of equipment - $30,000 Payment of cash dividends - $60,000Net cash provided by investing activities is:

(a) $120,000.

(b) $130,000.

(c) $150,000.

(d) $190,000.

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  1. 28 March, 03:30
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    (a) $120,000.

    Explanation:

    The preparation of the net cash provided by investing activities is presented below:

    Cash from investing activities

    Sale of equipment $50,000

    Sale of land $100,000

    Less: Purchase of equipment - $30,000

    Net cash provided by investing activities $120,000

    The other transactions reflect the financing activities
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