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Marion Manufacturing had the following cash flows for the current year. The company uses the direct method in preparing the statement of cash flows. Cash
Marion Manufacturing had the following cash flows for the current year. The company uses the direct method in preparing the statement of cash flows. Cash receipts from issuance of stock Bonds payable issued at face value Cash dividends received from long-term investments Cash paid for wages Cash paid for dividends $ 60,000 250,000 4,500 20,000 5,000 Cash received from customers 42,500 Cash paid for other operating expenses 19,500 Cash paid to purchase equipment 100,000 What is the net cash provided by (used in) investing activities? Multiple Choice ($100,000) $210,000 $205,000 ($95,000)
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