Dasher Builder\'s, Inc. shows the following as of December 31, 2012. - Sold avai

Question

Dasher Builder's, Inc. shows the following as of December 31, 2012. - Sold available for sales securities for $650,000 - Acquired 50% of Elven Corp's common stock for $310,000 cash, which was borrowed from Peppermint's Bank. - Issued 2,000 shares of its preferred stock for land having a fair value of $50,000 - Purchased a patent for $170,000 cash - Issued 1,000 of its 12% debenture bonds, due 2017, for $225,000 cash - Paid $130,000 toward bank loan. - Recognized $79,000 net increase in returnable long term customer deposits Dasher's net cash provided by investing activities for 2012 is: $340,000. $600,000. $170,000. $290,000.

Explanation / Answer

$600,000

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