Reference no: EM132534008
Question - Lakeview Inc. transactions for the year ended December 31, 2019 included the following:
Purchased real estate for $1,250,000 cash which was borrowed from a bank.
Sold debt investments for $1,000,000.
Paid dividends of $1,200,000.
Issued 500 shares of common stock for $500,000.
Purchased machinery and equipment for $250,000 cash.
Paid $900,000 toward a bank loan.
Reduced accounts receivable by $200,000.
Increased accounts payable $400,000.
Required - Compute Lakeview's net cash used in investing activities for 2019?
a. $750,000
b. $500,000
c. $1,500,000
d. $250,000
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