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Compute the net cash provided by investing activities

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Question - Fleming Company provided the following information on selected transactions during 2018:

Dividends paid to preferred stockholders? $500,000

Loans made to affiliated corporations? 1,400,000

Proceeds from issuing bonds? 1,600,000

Proceeds from issuing preferred stock ?2,100,000

Proceeds from sale of equipment? 800,000

Purchases of inventories? 2,400,000

Purchase of land by issuing bonds ?600,000

Purchases of treasury stock? 1,200,000

Required -

?Q1.? Compute the net cash provided (used) by investing activities during 2018?

Q2.? Compute the net cash provided (used) by financing activities during 2018?

Reference no: EM132568793

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