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28 November, 14:06

Selected information from Marie Corporation's accounting records and financial statements is as follows: Cash paid to acquire machinery $ 32,000 Retired common stock 59,000 Proceeds from sale of land 100,000 Gain from the sale of land 53,000 Investment revenue received 72,000 Cash paid to acquire office equipment 90,000 What are the net cash flows from investing activities that will be reported in the statement of cash flows

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  1. 28 November, 15:16
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    -$22,000

    Explanation:

    Marie Corporation

    Cash Flow Statement

    Cash Flows from Investing Activities:

    Cash paid to acquire machinery - $32,000

    Proceeds from sale of land $100,000

    Cash paid to acquire office equipment - $90,000

    Cash Flow from Investing Activities - $22,000

    Investment revenue received sits at the top with net income, Gain from the sale of land is cash flow from operating activities and Retired common stock is cash flow from financing activities.
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