Solution-Compute the amount Wainwright should report as net

Compute the amount Wainwright should report as net cash

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Reference no: EM133053868

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.

Reference no: EM133053868

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Compute the amount Wainwright should report as net cash

Reference no: EM133053868

Reference no: EM133053868

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