The following data is for the Matt Company for 20X1:
Loss on sale of equipment$4,000
Purchas...
Business, 13.07.2021 17:00 harmonytaylor13
The following data is for the Matt Company for 20X1:
Loss on sale of equipment$4,000
Purchase of Ithaca Corp. bonds (face value $400,000) 375,000
Proceeds from sale of machinery 200,000
Dividends paid 25,000
Proceeds from sale of treasury stock 100,000
The amount reported as net cash from investing activities is:
Multiple Choice
a. 87500
b. (175000)
c. 575000
d. (150000)
Answers: 3
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Answers: 1
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