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Madison Company has the following cash flows for the current year: Payments for wages (1000) Receipt for inventory sold 17000 Sale of Equipment 8,000 Payment
Madison Company has the following cash flows for the current year:
Payments for wages (1000)
Receipt for inventory sold 17000
Sale of Equipment 8,000
Payment of dividends (10,000
Purchased land (80,000)
Sale of investments 50,000
Loan Proceeds 18,000
Issuance of Stock 20,000
Interest paid (1,000)
Payment on principal (15,000)
What is the net cash flows provided by (used for)investing activities?
A. 13,000
B. 22,000
C. (22,000)
D. 5,000
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