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Compute the amount Wainwright should report as net cash

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Question - Wainwright Corporation had the following activities in 2020.

Sale of land $180,000.

Purchase of inventory $845,000.

Purchase of treasury stock $72,000.

Purchase of equipment $415,000.

Issuance of common stock $320,000.

Purchase of available-for-sale debt securities $59,000.

Compute the amount Wainwright should report as net cash provided (used) by investing activities in its 2020 statement of cash flows.

Compute the amount Wainwright should report as net cash provided (used) by investing activities in its 2020 statement of cash flows.

Reference no: EM133053868

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