Marigold Corp. provided the following information on selected transactions during 2018: Purchase of land by issuing bonds $910000 Proceeds from issuing bonds 3100000 Purchases of inventory 3760000 Purchases of treasury stock 609000 Loans made to affiliated corporations 1450000 Dividends paid to preferred stockholders 405000 Proceeds from issuing preferred stock 1530000 Proceeds from sale of equipment 292000 The net cash provided (used) by investing activities during 2018 is___________

Respuesta :

Answer:

-$1,158,000

Explanation:

The net cash flow provided or used by  investing activities is presented below:

Cash flow from investing activities

Proceeds from sale of equipment $292,000

Less: Loans made to affiliated corporations -$1,450,000

Net cash flows used by investing activities is -$1,158,000

The loan made is an outflow of cash while the proceeds from sale of an equipment is an inflow of cash.

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