For the year ended December 31, Year 1, Fields Company made cash payments of $50,000 for dividends, paid interest of $20,500, paid $30,000 cash to suppliers, and purchased equipment for $64,000 cash. What is the net cash used by investing activities for Year 1?
A. $114,000
B. $134,500
C. $64,000
D. $20,500
Answer: C
You might also like to view...
The competing concepts under which organizations have conducted marketing activities include: the production concept, product concept, selling concept, marketing concept, and holistic marketing concept
Evaluate the advantages and disadvantages of each concept. Which concept do you believe is the most effective? Why?
Communication from management during the Sago mine tragedy was handled in a timely and effective manner
Indicate whether the statement is true or false
Which characteristic is not part of being a manager?
a. Visionary b. Trains and develops c. Promote stability d. Ensure operations run smoothly
We can neither increase nor decrease the number of hours we get each day.
a. True b. False