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What amount will be reported in the investing activities

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Question - Blazing Saddles Company paid $2.2 million to purchase stock in another company, $1.0 million to purchase its common stock for treasury shares, $.5 million to buy short-term investments, sold used equipment for $.8 million when its book value was $.6 million, and purchased new equipment for $3.4 million.

Required -

A. What amount will be reported in the investing activities section of Blazing's cash flow statement?

B. Is the net cash flow cash provided by investing activities, or cash used in investing activities?

Reference no: EM132529808

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