Use the Following Information for Questions 98 and 99 -The Net Cash Provided (Used) by Investing Activities During 2015

question 61

Multiple Choice

Use the following information for questions 98 and 99.
Fleming Company provided the following information on selected transactions during 2015: $\begin{array}{lr}\text { Dividends paid to preferred stockholders } & 250,000 \\\text { Loans made to affiliated corporations } & 700,000 \\\text { Proceeds from issuing bonds } & 800,000 \\\text { Proceeds from issuing preferred stock } & 1,050,000\\\text { Proceeds from sale of equipment } & 400,000 \\\text { Purchases of inventories } & 1,200,000 \\\text { Purchase of land by issuing bonds } & 300,000 \\\text { Purchases of treasury stock } & 600,000\end{array}$
-The net cash provided (used) by investing activities during 2015 is

• A) $(600,000).
• B) $(300,000).
• C) $100,000.
• D) $400,000.

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Definitions:

Enuresis

The medical term for involuntary urination, especially by children at night, also known as bedwetting.

Bed-wetting

Involuntary urination during sleep, especially common in children.

Oppositional Defiant Disorder

A behavioral disorder diagnosed in childhood characterized by ongoing patterns of disobedience, hostility, and defiant behavior towards authority figures.

Encopresis

A condition characterized by the repeated passing of feces into inappropriate places by a child who is past the age of toilet training.