In order to prepare the statement of cash flows for Rag Dolls Corporation for the current year, the accountant has compiled the following data regarding cash flows:
Using the above information, indicate the best answer for each question in the space provided.
-Rag Dolls' cash flow from investing activities during the current year is:
A) $390,000 net cash used by investing activities.
B) $322,500 net cash provided by investing activities.
C) $352,500 net cash used by investing activities.
D) $360,000 net cash used by investing activities.

Question

In order to prepare the statement of cash flows for Rag Dolls Corporation for the current year, the accountant has compiled the following data regarding cash flows:
  Using the above information, indicate the best answer for each question in the space provided.
-Rag Dolls' cash flow from investing activities during the current year is:
A) $390,000 net cash used by investing activities. 
B) $322,500 net cash provided by investing activities. 
C) $352,500 net cash used by investing activities. 
D) $360,000 net cash used by investing activities.

Quizplus · Accepted Answer

The Answer is C

In Order to Prepare the Statement of Cash Flows for Rag