Cinders Inc, reported net income of $75,000 and a loss on the sale of plant assets of $17,000. The cash received from the sale of the plant assets was $52,000. Cinders also issued additional shares of stock for $25,000 and paid dividends of $6,200. Calculate the net cash provided or used by investing activities.
A)$35,000 net cash provided.
B)$69,000 net cash used.
C)$52,000 net cash provided
D)$20,800 net cash used.

Question

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The Answer of Cinders Inc, reported net income of $75,000 and a loss on the sale of plant assets of $17,000. The cash received from the sale of the plant assets was $52,000. Cinders also issued additional shares of stock for $25,000 and paid dividends of $6,200. Calculate the net cash provided or used by investing activities.
A)$35,000 net cash provided.
B)$69,000 net cash used.
C)$52,000 net cash provided
D)$20,800 net cash used.

Cinders Inc, Reported Net Income of $75,000 and a Loss