Calvin Company Provided the Following Information During 2017 How Much Is 'Net Cash Provided (Used) by Investing Activities

question 65

Multiple Choice

Calvin Company provided the following information during 2017:
$\begin{array}{lr}\text { Purchase of land by issuing bonds } & \$ 550,000 \\\text { Proceeds from issuing long-term debt } & 300,000 \\\text { Dividends paid to shareholders } & 120,000 \\\text { Proceeds from issuing stock } & 300,000 \\\text { Proceeds from sale of building } & 360,000 \\\text { Purchases of inventories } & 800,000 \\\text { Purchase of treasury stock } & 430,000\end{array}$

How much is 'net cash provided (used) by investing activities' during 2017?

• A)$790,000
• B)$360,000
• C)$910,000
• D)$(120,000)

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