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6 February, 23:27

In preparing Tywin Company's statement of cash flows for the most recent year, the following information is available: Purchase of equipment $ 260,000 Proceeds from the sale of equipment 87,000 Purchase of land 91,000 Net cash flows from investing activities for the year were:

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  1. O
    7 February, 02:46
    0
    -$264,000

    Explanation:

    The net cash flows from investing activities for the year is presented below

    Cash flow from investing activities

    Purchase of equipment - $260,000

    Proceeds from the sale of equipment $87,000

    Purchase of land - $91,000

    Net cash flow used by investing activities - $264,000

    The purchase is a cash outflow so it would be shown in a minus sign whereas sales is a cash inflow so it would be added
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Home » Business » In preparing Tywin Company's statement of cash flows for the most recent year, the following information is available: Purchase of equipment $ 260,000 Proceeds from the sale of equipment 87,000 Purchase of land 91,000 Net cash flows from investing
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