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$15,500?Purchase of equipment 160,000?Proceeds from the sale of equipment 141,000?Repayment of outstanding bonds 94,500?Purchase of treasury stock 69,500?Issuance of common stock 103,500?Purchase of land 130,000?Increase in accounts receivable during the year 50,500?Decrease in accounts payable during the year 82,500?Payment of cash dividends 42,500?Net cash flows from investing activities for the year were:
A. $243,500 of net cash provided.
B. $133,500 of net cash used.
C. $149,000 of net cash provided.
D. $149,000 of net cash used.
E. $282,000 of net cash used.
Answer: D
Business
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