Bramble Corp. reported net income of $87800 for the year ended December 31, 2021. Included in net income were depreciation expense of $16500 and a gain on sale of equipment of $3600. The equipment had an historical cost of $80500 and accumulated depreciation of $48400. Each of the following accounts increased during 2021: Land $10900 Prepaid rent $14000 Available-for-sale securities $2000 Bonds payable $9500 What is the amount of cash provided by or used by investing activities for Bramble Corp. for the year ended December 31, 2021?

net cash provided by investing activities $22,800

Explanation:

the carrying value of the equipment = $80,500 - $48,400 = $32,100

the sales price of the equipment was $32,100 + $3,600 (gain on sale) = $35,700

land was purchased for $10,900

available for sale securities were purchased fro $2,000

total cash flows from investing activities = $35,700 (cash proceeds from sales of equipment) - $10,900 (land purchased) - $2,000 (AFS securities purchased) = $22,800

the correct answer is:

it required the president to inform congress within forty-eight hours of any new troop commitment.

the war powers resolution (1973) is a federal law designed to limit the u.s. president’s ability to initiate or intensify military actions abroad without the approval of the congress.

it establishes that the president can send armed forces into action abroad only by declaration of war by congress, statutory authorization, or in case of a national emergency created by attack upon the united states, its territories or possessions, or its armed forces.

it requires the president to notify congress within 48 hours of sending armed forces to military action.

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