1- Marcellus Corp. provided the following information for calendar 2018: Marcellus adheres to ASPE.

Proceeds from issuing bonds......................................200,000

Purchase of inventories ..............................................380,000

Purchase of long-term investment ..............................280,000

Dividends paid to preferred shareholders ................... 40,000

Proceeds from issuing preferred shares ..................... 160,000

Proceeds from sale of equipment ...............................40,000

The cash provided by (used in) investing activities during 2018 is

a) $40,000. b) $(240,000).

c) $(400,000).

d) $(440,000).

2. Selected information from Regan Ltd.'s 2018 accounting records is as follows:

Proceeds from sale of land ......................................... $300,000

Proceeds from long-term borrowings .......................... 400,000

Purchase of plant assets............................................. 280,000

Purchase of inventories .............................................. 850,000

Proceeds from issuance of common shares ...............$300,000

Based on the above information, the cash provided by investing activities for calendar 2018 is

a) $20,000. b) $200,000. c) $320,000.

d) $400,000.

3. Selected information from Cordelia Corp.'s 2018 accounting records is as follows: Cordelia adheres to ASPE.

Proceeds from issuance of common shares ...............400,000

Proceeds from issuance of bonds ...............................1,200,000

Cash dividends paid on common shares .................... 160,000

Cash dividends paid on preferred shares....................60,000

Purchase of a FV-NI investment ................................. 120,000

Sale of shares to officers and employees

NOT included above ............................................100,000

Based on the above information, the cash provided by (used in) financing activities for calendar 2018 is

a) $160,000.

b) $180,000.

c) $(220,000)

. d) $1,480,000.