Use the Following Company Information to Calculate Net Cash Provided

question 72

Essay

Use the following company information to calculate net cash provided or used by investing activities:
(a) Equipment with a book value of $185,000 and an original cost of $300,000 was sold for $167,000.
(b) Paid $52,000 cash for a new delivery van.
(c) Purchased land costing $37,500, paid in cash.
(d) Purchased treasury stock for $61,000 cash.
(e) Long-term investments in stock with a cost of $46,500 are sold for $42,000 cash.

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Definitions:

Reverse Psychology

A technique involving the assertion of a belief or behavior that is opposite to the one desired, with the expectation that this approach will encourage the subject to do what actually is desired.

Behavioral Self-examination

The process of reflecting on one's actions and behaviors with the aim of understanding and improving oneself.

Theory of Mind

The ability to attribute mental states—beliefs, intents, desires, emotions, knowledge—to oneself and others, and to understand that others have beliefs, desires, and intentions that are different from one's own.

Brain Matures

The process through which the brain develops and refines its function and structure over time.