QUESTION 3 Company recorded the following events for the year just ended. (Note

Question

QUESTION 3 Company recorded the following events for the year just ended. (Note that this is the same data as that provided for the quest Retirement of preferred stock Sale of bonds issued by other companies 150 70 180 Interest paid on notes payable Dividends paid to shareholders Collection of a loan made to a subsidiary Payment of deferred taxes 110.000 90 (Note that this is the same data as that provided for the question above.) The net change in cash resulting from investing activities for the year was: ($5,000). $10,000 o $40,000. $260,000

Explanation / Answer

Sale of bonds issued by other companies $150000

Add: Collection of as loan made to a subsidiary $ 110000

Net changes in investing Activities $260000 (option d)

Explanation: Retirement of Prefered stock, Interest and dividends paid are the items of financing activities while Payment of deferred taxes is an iten of operatng activity.

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