Marion Manufacturing had the following cash flows for the
current year. The company uses the direct method in preparing the
statement of cash flows.
Cash receipts from issuance of stock
$ 60,000
Bonds payable issued at face value
250,000
Cash dividends received from long-term
investments
4,500
Cash paid for wages
20,000
Cash paid for dividends
5,000
Cash received from customers
42,500
Cash paid for other operating expenses
19,500
Cash paid to purchase equipment
100,000
What is the net cash provided by (used in) investing
activities?
Multiple Choice
($95,000)
($100,000)
$205,000
$210,000