Net income $450

Increase in plant and equip. $170

Depreciation expense 80

Payment of dividends 10

Decrease in accts. receiv. 20

Increase in long-term debt 100

Increase in inventories 15

Decrease in accounts payable 30

.

.

What is cash flow from operating activities for Armstrong Company?

a. $505

b. $495

c. $335

d. $55

.

.

What is cash from investing activities for Armstrong Company?

a. ($160)

b. $160

c. $170

d. ($170)

.

.

What is cash from financing activities for Armstrong Company?

a. $70

b. $60

c. $90

d. ($110)