Use the following information for questions 20-21.
Casio adheres to ASPE. Casio Corp.'s transactions for the year ended December 31, 2020 included the following:
1. Purchased land for $ 275,000 cash.
2. Borrowed $ 275,000 from the bank on a long-term note.
3. Sold long-term investments for $ 250,000.
4. Accounts receivable decreased by $ 50,000.
5. Paid cash dividends of $ 300,000.
6. Issued 1,000 common shares for $ 125,000.
7. Purchased machinery and equipment for $ 62,500 cash.
8. Accounts payable increased by $ 100,000.
-The cash used in investing activities for 2020 was
A) $ (337,500).
B) $ (187,500).
C) $ (87,500).
D) $ (25,000).

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The Answer of Use the following information for questions 20-21.
Casio adheres to ASPE. Casio Corp.'s transactions for the year ended December 31, 2020 included the following:
1. Purchased land for $ 275,000 cash.
2. Borrowed $ 275,000 from the bank on a long-term note.
3. Sold long-term investments for $ 250,000.
4. Accounts receivable decreased by $ 50,000.
5. Paid cash dividends of $ 300,000.
6. Issued 1,000 common shares for $ 125,000.
7. Purchased machinery and equipment for $ 62,500 cash.
8. Accounts payable increased by $ 100,000.
-The cash used in investing activities for 2020 was
A) $ (337,500).
B) $ (187,500).
C) $ (87,500).
D) $ (25,000).

Use the Following Information for Questions 20-21