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How can craig cover this negative cash flow

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Reference no: EM132874670

Problem - During 20X1, Craig Company had the following transactions:

a. Purchased $300,000 of 10-year bonds issued by Makenzie Inc.

b. Acquired land valued at $105,000 in exchange for machinery.

c. Sold equipment with original cost of $810,000 for $495,000; accumulated depreciation taken on the equipment to the point of sale was $270,000.

d. Purchased new machinery for $180,000.

e. Purchased common stock in Lemmons Company for $82,500.

Required - Usually, the net cash from investing activities is negative. How can Craig cover this negative cash flow? What other information would you like to have to make this decision?

Reference no: EM132874670

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