Tandoor Inc Based on This Information, What Is the Amount of Net

question 44

Multiple Choice

Tandoor Inc. financial statements included the following amounts for the current year: $$\begin{array} {| l | r| } \hline \text { Retired bonds } & \$ 73,000 \\\hline \text { Proceeds from collection of note receivable } & 31,000 \\\hline \text { Dividends received } & 45,000 \\\hline \text { Acquired production machinery with cash } & 59,000 \\\hline \text { Sold treasury stock } & 39,000 \\\hline\end{array}$$
Based on this information, what is the amount of net cash provided (used) by investing activities?

• A) $90,000 net inflow
• B) $14,000 net inflow
• C) $28,000 net outflow
• D) $34,000 net outflow

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