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What the net cash used by investing activities is

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Reference no: EM132775160

Napier Company provided the following information on selected transactions during 2020:

Purchase of land by issuing bonds                    250,000
Proceeds from issuing bonds                            500,000
Purchases of inventory                               950,000
Purchases of treasury shares                     150,000
Loans made to affiliated corporations             350,000
Dividends paid to preference shareholders       400,000
Proceeds from sale of equipment                     50,000

Problem 1: The net cash provided (used) by investing activities during 2020 is

A. 50,000 provided

B. 300,000 used

C. 550,000 used

D. 1,250,000 used

Problem 2: The net cash provided by financing activities during 2020 is

A. 550,000 provided

B. 650,000 provided

C. 800,000 provided

D. 900,000 provided

Reference no: EM132775160

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