Question

Range Co. provided the following information on selected transactions:

Purchase of building from XYZ Company; obtained mortgage from BRB Bank	$200
Proceeds from issuing bonds	$500
Purchases of EAB Company Stock	$300
Purchase of Investment in Bonds	$675
Dividends paid to preferred stockholders	$250
Proceeds from issuing preferred stock	$225
Proceeds from sale of equipment	$150

The net cash provided (used) by investing activities is:

Select one:

a. $(725)

b. $95

c. $(425)

d. $(1,025)

e. $(525)

Answer 1

Proceeds from sale of equipment	$              150
Less:
Purchases of EAB Company Stock	$              300
Purchase of Investment in Bonds	$              675
Purchase of building from XYZ Company	$              200
Cash used by investing activiies	$         -1,025
Correct Option : d. $(1,025)