To calculate the net cash used in investing activities for Field of Dreams, LLC in 2023, we need to examine changes in property, plant, and equipment (PPE) or any other relevant assets. The net cash used in investing activities typically includes any capital expenditures made (for purchasing new assets) minus any proceeds from the sale of assets.
Steps to Calculate Net Cash Used in Investing Activities:
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Net PPE for 2022 and 2023:
- Net PPE (2022) = $80,000
- Net PPE (2023) = $92,000
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Determine the change in Net PPE:
- Change in Net PPE = Net PPE (2023) - Net PPE (2022)
- Change in Net PPE = $92,000 - $80,000 = $12,000
This indicates that Field of Dreams, LLC spent $12,000 on acquiring new property, plant, and equipment in 2023.
- Assuming No Asset Sales:
- If there are no reported sales of PPE or any other long-term assets in the provided data, and since we only have the information about the increase in Net PPE, we interpret that the entire amount of $12,000 represents cash spent on investing activities.
Conclusion:
Net Cash Used in Investing Activities in 2023 = $(12,000)
This reflects the cash outflow for investments made by the company in acquiring new property, equipment, or improvements during the year.
If there were any other investing activities (like the sale of assets) that were mentioned, those should be accounted for to provide a complete picture, but with the information provided, this is the cash used in investing activities.
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