Use the Following Information for Questions 83 and 84 -The Net Cash Provided (Used) by Investing Activities During 2015

question 135

Multiple Choice

Use the following information for questions 83 and 84.
Napier Co. provided the following information on selected transactions during 2015: $$\begin{array} { l r } \text { Purchase of land by issuing bonds } & \$ 500,000 \\\text { Proceeds from issuing bonds } & 1,500,000 \\\text { Purchases of inventory } & 1,900,000 \\\text { Purchases of treasury stock } & 300,000 \\\text { Loans made to affiliated corporations } & 700,000 \\\text { Dividends paid to preferred stockholders } & 200,000 \\\text { Proceeds from issuing preferred stock } & 800,000 \\\text { Proceeds from sale of equipment } & 150,000\end{array}$$
-The net cash provided (used) by investing activities during 2015 is

• A) $150,000.
• B) $(550,000).
• C) $(1,050,000).
• D) $(2,250,000).

---

Definitions:

African American

A term referring to Americans of African descent with roots in any of the black racial groups of Africa.

First Nations

Term primarily used in Canada to describe indigenous peoples who are not Inuit or Métis, emphasizing their status as the original inhabitants of the land.

Fatalism

The belief that all events are predetermined and therefore inevitable, rendering human effort and free will irrelevant.

Noninterference

A principle or policy of not becoming involved in the affairs of others, especially in a political or military sense.