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What amount should Barton report as cash flows

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Reference no: EM133057460

Question - Barton Company had the following transactions during Year 3:

Sold land for $60,000 and reported a $4,000 gain on the sale.

Received $200,000 in the settlement of a corporate-owned life insurance policy on the company's president.

Purchased $100,000 of debt securities to be held as trading securities.

Paid $50,000 for a major repair to manufacturing equipment. The repair extended the equipment's useful life by 5 years.

Required - What amount should Barton report as cash flows provided by investing activities?

A. $160,000

B. $206,000

C. $210,000

D. $260,000

Reference no: EM133057460

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