Barrow Company recorded the following cash transactions for the year: Paid $115000 for salaries.
Paid $40000 to purchase office equipment.
Paid $9000 for utilities.
Sold investments for cash of $5000.
Paid $11000 in dividends.
Collected $295000 from customers.
Issued shares for cash of $120000.
What was Barrow's net cash provided (used) by investing activities?
A)($24000)
B)($35000)
C)($40000)
D)$80000

Question

Quizplus · Accepted Answer

The only investing activity listed is the sale of investments for cash of $5000. There are no other investing activities listed, so the net cash provided (used) by investing activities is simply -$5000. Therefore, the correct answer is B, ($35000), as it is the only option with a negative value.

Barrow Company Recorded the Following Cash Transactions for the Year