Smiley Corp.\'s transactions for the year ended December 31, 2015 included the f

Question

Smiley Corp.'s transactions for the year ended December 31, 2015 included the following:

• Purchased real estate for $625,000 cash which was borrowed from a bank.
• Sold available-for-sale securities for $500,000.
• Paid dividends of $600,000.
• Issued 500 shares of common stock for $250,000.
• Purchased machinery and equipment for $125,000 cash.
• Paid $450,000 toward a bank loan.
• Reduced accounts receivable by $100,000.
• Increased accounts payable $200,000.

Smiley's net cash used in investing activities for 2015 was

Explanation / Answer

Particulars Amount Purchased Real estate -625000 Sold Securities 500000 Purchased Machinery -125000 Net Cash used in investing activities -250000

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