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Explain please. Harold, Inc, had the following activities during 2005: Acquired 2,000 shares of Chester, Inc. stock for $26,000. Sold on Investment in Max Motors
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Harold, Inc, had the following activities during 2005: Acquired 2,000 shares of Chester, Inc. stock for $26,000. Sold on Investment in Max Motors for $36,000; carrying value of the Investment was $33,000. Acquired a $60,000, 4 year certificate of c deposit from a bank (during the year, interest of $3, 750 was received). Collected dividends of $1, 200 on stock investment. In Harold's 2006 statement of cash Rows, net cash used In. investing activities should be: A. $37, 250 B. $38, 050. C. $39, 600. D. $41,000Step by Step Solution
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