Lucas Company recorded the following events last year: On the statement of cash flows, some of these events are classified as operating activities, some are classified as investing activities, and some are classified as financing activities.
-Based solely on the information above,the net cash provided by (used in)investing activities on the statement of cash flows would be:
A)$(5,000)
B)$10,000
C)$70,000
D)$(30,000)

Question

Lucas Company recorded the following events last year:  On the statement of cash flows, some of these events are classified as operating activities, some are classified as investing activities, and some are classified as financing activities.
-Based solely on the information above,the net cash provided by (used in)investing activities on the statement of cash flows would be:
A)$(5,000) 
B)$10,000 
C)$70,000 
D)$(30,000)

Quizplus · Accepted Answer

Investing activities:
 11eaa48f_7afa_da14_9e4a_d796aad2b36f_TB2485_00

Lucas Company Recorded the Following Events Last Year: on the Statement