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The Steele Company's Net Income is $1,000. The following items were used in compiling the Statement of Cash Flows (indirect method): Dividends Paid$7 Increase in

The Steele Company's Net Income is $1,000. The following items were used in compiling the Statement of Cash Flows (indirect method):

  • Dividends Paid$7
  • Increase in Prepaid Expense$3
  • Discount on Bond Payable amortization$14
  • Loss on Fixed Asset Sale$2
  • Proceeds from Fixed Asset Sale$20
  • Purchase of debt securities (trading)$6

Net Cash provided by Investing Activities is:

Select one:

a.$20

b.$10

c.$1

d.$15

e.$14

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