Business, 03.09.2019 19:30 Min1on7

Alp, inc., had the following activities during the current year: acquired 2,000 shares of stock in maybel, inc., for $26,000 sold an investment in bonds classified as available for sale for $35,000 when the carrying amount was $33,000 acquired a $50,000, 4-year certificate of deposit from a bank that was classified as held to maturity. (during the year, interest of $3,750 was paid to alp.) collected dividends of $1,200 on stock investments in alp’s current-year statement of cash flows, net cash used in investing activities should be
a. $37,250
b. $38,050
c. $39,800
d. $41,000

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Alp, inc., had the following activities during the current year: acquired 2,000 shares of stock in...

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