Net income Depreciation expense Amortization expense $300,000 5,000 1,000 Loss on Sale of Equipment 5,000 Accounts receivable increase 13,000 Prepaid insurance increase 5,000 Accounts payable increase 700 Cash received on sale of equipment 8,000 Cash dividends 10,000 What is the total cash provided by investing activities? ?

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter11: The Statement Of Cash Flows
Section: Chapter Questions
Problem 10MCQ
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Net income
Depreciation expense
Amortization expense
$300,000
5,000
1,000
Loss on Sale of Equipment
5,000
Accounts receivable increase
13,000
Prepaid insurance increase
5,000
Accounts payable increase
700
Cash received on sale of equipment
8,000
Cash dividends
10,000
What is the total cash provided by
investing activities?
?
Transcribed Image Text:Net income Depreciation expense Amortization expense $300,000 5,000 1,000 Loss on Sale of Equipment 5,000 Accounts receivable increase 13,000 Prepaid insurance increase 5,000 Accounts payable increase 700 Cash received on sale of equipment 8,000 Cash dividends 10,000 What is the total cash provided by investing activities? ?
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