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What net cash flows from investing activities for year were

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Reference no: EM132957325

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 $14,500

Purchase of equipment 150,000

Proceeds from the sale of equipment 131,000

Repayment of outstanding bonds 89,500

Purchase of treasury stock 64,500

Issuance of common stock 98,500

Purchase of land 120,000

Increase in accounts receivable during the year 45,500

Decrease in accounts payable during the year 77,500

Payment of cash dividends 37,500

Problem 1: Net cash flows from investing activities for the year were:

Multiple Choice

Option 1: $228,500 of net cash provided.
Option 2: $124,500 of net cash used.
Option 3: $139,000 of net cash used.
Option 4: $139,000 of net cash provided.
Option 5: $262,000 of net cash used.

Reference no: EM132957325

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