Question

In the current​ year, PULR Company sold land for $ 81,000 ​cash, purchased a delivery van for $ 22,000 ​cash, and issued common stock for $ 97,000 cash. The net cash provided by investing activities is
A. $212,000
B, $158,000
C. $185,000
D. $55,000

Answer 1

Answer:

B, $158,000

Explanation:

Given the following information about PULR in the current year;

Sale of land = $ 81,000 (Increase in cash balance)

Purchase of delivery van = $ 22,000 (decrease in cash balance)

Issued common stock = $ 97,000 (Increase in cash balance)

All cash transactions.

Net cash provided by investing activities = $ 81,000 - $ 22,000 + $ 97,000

                                                                     = $ 158,000