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).

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