QUESTION 15 The Frango Mint Corporation had net income of $3,000,000. They also reported the following: Depreciation: $500,00 Purchase of plant assets: $250,000 Disposals of plant assets with net book value of $100,000 resulted in a $60,000 gain Stock issuance: $125,000 Accounts receivable decreased by $25,000 Accounts payable decreased by $40,000 Dividends paid: $30,000 Interest expense: $5,000 How much was Frango's net cash flow from investing activities? A. $-90,000 B. $250,000 C. $500,000 D. $90,000 E. $-150,000 QUESTION 16 The Crazy Busy Medical Labs Corporation provides a three-year warranty on the infusion pump it sells. When will the cost of a warranty appear on the cash flow statement? DA. When merchandise is sold. B. When the warranty obligation is recognized. C. When there is a settlement of a warranty claim made by a customer. D. Are you crazy? It is none of these. QUESTION 17