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Compute the amount novak should report

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Question - Novak Corporation had the following activities in 2017.

1. Sale of land $186,0004. Purchase of equipment $401,0002. Purchase of inventory $917,0005. Issuance of common stock $320,0003. Purchase of treasury stock $75,0006. Purchase of available-for-sale debt securities $53,000

Compute the amount Novak should report as net cash provided (used) by investing activities in its 2017 statement of cash flows. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

Reference no: EM131644575

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