Reference no: EM132621323

The Steele Company's Net Income is $1,000. The following items were used in compiling the Statement of Cash Flows (indirect method):

Dividends Paid                                                   $ 7
Increase in Prepaid Expense                                 $ 3
Discount on Bond Payable amortization                  $14
Loss on Fixed Asset Sale                                     $ 2
Proceeds from Fixed Asset Sale                            $20
Purchase of debt securities (trading)                     $ 6

Problem 1: Net Cash provided by Investing Activities is:

Select one:

a. $20

b. $10

c. $1

d. $15

e. $14