The following information pertains to cash received or paid from
various transactions of the Kyle Company.

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Question: The following information pertains to cash received or paid from various transactions of the Kyle…
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Sale of land $100,000

Sale of equipment 50,000

Issuance of common stock 70,000

Purchase of equipment 30,000

Payment of cash dividends 60,000

Net cash provided by (used by) investing activities is

a.

$120,000

b.

$130,000

c.

$150,000

d.

$190,000

e.

none of the above

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