Business

Ashlyn Villegas

9 August, 10:36

In preparing a company's statement of cash flows for the most recent year, the following information is available:

Loss on the sale of equipment $14,000

Purchase of equipment $225,000

Proceeds from the sale of equipment $106,000

Repayment of outstanding bonds $87,000

Purchase of treasury stock $25,000

Issuance of common stock $96,000

Purchase of land $115,000

Increase in accounts receivable during the year $33,000

Decrease in accounts payable during the year $75,000

Payment of cash dividents $35,000

Net cash flows from investing activities for the year were:

a) $234,000 of net cash used.

b) $120,000 of net cash provided.

c) $340,000 of net cash used.

d) $259,000 of net cash used.

e) $280,000 of net cash provided.