In order to prepare the statement of cash flows for Rag Dolls Corporation for 2010, the accountant has compiled the following data regarding cash flows:
Cash paid to acquire marketable securities | $ 370,000 |
Proceeds from sale of marketable securities | 17,500 |
Proceeds from issuance of capital stock | 280,000 |
Proceeds from issuance of bonds payable | 55,000 |
Payments to settle short‑term debt | 32,500 |
Interest and dividends received | 10,000 |
Cash received from customers | ? |
Dividends paid | 130,000 |
Cash paid to suppliers and employees | 1,030,000 |
Interest paid | 25,000 |
Income taxes paid | 70,000 |
Cash and cash equivalents, January 1, 2010 | 43,000 |
Cash and cash equivalents, December 31, 2010 | 58,000 |
Using the above information, indicate the best answer for each question in the space provided.
Rag Dolls’ cash flow from investing activities during 2010 is:
a $390,000 net cash used by investing activities.
b $322,500 net cash provided by investing activities.
c $352,500 net cash used by investing activities.
d $360,000 net cash used by investing activities.
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