During 2008, Towson Recording Company increased its investment in marketable securities by $36,845, funded fixed assets acquisition by $109,455, and had marketable securities of $14,215 mature. What is the net cash provided by (used in) investing activities?
A) $132,085
B) $145,940
C) -$132,085
D) -$145,940

Question

Quizplus · Accepted Answer

The net cash provided by (used in) investing activities can be calculated as follows:
Increase in marketable securities = $36,845
Funded fixed assets acquisition = -$109,455 (since it represents cash outflow)
Matured marketable securities = -$14,215 (since it represents cash inflow)

Therefore, net cash provided by (used in) investing activities = $36,845 - $109,455 - $14,215 = -$132,085. The correct answer is C.

During 2008, Towson Recording Company Increased Its Investment in Marketable