In preparing Titan Inc.'s statement of cash flows for the year ended December 31, 2015, the following amounts were available: $$\begin{array} { l r }
\text { Collect note receivable } & \$ 410,000 \
\text { Issue bonds payable } & 426,000 \
\text { Purchase treasury stock } & 200,000
\end{array}$$ What amount should be reported on Titan, Inc.'s statement of cash flows for investing activities?
A) $410,000
B) $210,000
C) $836,000
D) $226,000

Question

In preparing Titan Inc.'s statement of cash flows for the year ended December 31, 2015, the following amounts were available: $$\begin{array} { l r } 
\text { Collect note receivable } & \$ 410,000 \
\text { Issue bonds payable } & 426,000 \
\text { Purchase treasury stock } & 200,000
\end{array}$$ What amount should be reported on Titan, Inc.'s statement of cash flows for investing activities?
A) $410,000
B) $210,000
C) $836,000
D) $226,000

Quizplus · Accepted Answer

Collecting a note receivable is considered an investing activity, so the amount reported for investing activities would be $410,000.

In Preparing Titan Inc What Amount Should Be Reported on Titan, Inc