What net cash used by investing activities was

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Reference no: EM132934021

Beal, Inc. had the following information available at the end of Year 3:

Trading securities increase$300,000

Available-for-sale debt securities decrease(100,000)

Equipment increase 500,000

Common stock increase100,000

Equipment costing $1,300,000 was acquired for $600,000 with the balance financed through a long-term note payable. Equipment costing $800,000, with a carrying value of $325,000, was sold for $350,000. The available-for-sale debt securities were sold for $135,000. The stock was issued at $10 par value. There were no other transactions involving the accounts.

Problem 1: In Beal's Year 3 statement of cash flows, net cash used by investing activities was

A. $15,000

B. $115,000

C. $215,000

D. $815,000

Reference no: EM132934021

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