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Question 11 Using the data set below, calculate net cash provided (used) by investing activities: Account Amount Increase in inventory $ 30,000 Common stock issued
Question 11 Using the data set below, calculate net cash provided (used) by investing activities: Account Amount Increase in inventory $ 30,000 Common stock issued 200,000 LT investments purchased 100,000 Bonds payable increase 200,000 Net income (accrual basis) 150,000 Purchase of plant & equipment 250,000 Proceeds from the sale of equipment 500,000 A. $250,000 OB. $720,000 O c. $150,000 OD. $220,000
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