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Determine the cash flow provided by investing activities

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Question - Company A uses indirect method to prepare its statement of cash flows. The following information was pulled from the company's comparative balance sheet:

 

2014

2013

Cash

$21,000

$18,000

Accounts receivable

31,000

35,000

Inventory

53,000

25,000

Net property, plant, and equipment

120,000

90,000

Required - During the year equipment costing $52,000 was purchased for cash, equipment with a net book value of $10,000 was sold for $14,000, and depreciation expense of $12,000 was recorded. Determine the cash flow provided by investing activities?

Reference no: EM133131471

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