Jarvis, Inc. reported net income of $44,000 for the year ended December 31, 2015 Included in net income were depreciation expense of $8,400 and a gain on sale of equipment of $1,700. The equipment had an historical cost of $40,000 and accumulated depreciation of $24,000. Each of the following accounts increased during 2015: Patents $5,500 Prepaid rent $6,800 Available-for-sale securities $1,000 Bonds payable $5,000 What is the amount of cash provided by or used by investing activities for Jarvis, Inc. for the year ended December 31, 2015? a. ( $ 4,800) b. $16,700 c. $11,200 d. $12,200 why C

Cashman Company reported net income of $265,000 for the year ended 12/31/15. Included in the computation of net income were: depreciation expense, $45,000; amortization of a patent, $24,000; income from an investment in common stock of Linda Inc., accounted for under the equity method, $36,000; and amortization of a bond premium, $9,000. Cashman also paid a $60,000 dividend during the year. The net cash provided by operating activities would be reported at a. $289,000. b. $241,000. c. $229,000. d. $181,000.

why A