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:

South Asian Americans

Individuals in the United States who are of South Asian origin, including countries like India, Pakistan, Bangladesh, Sri Lanka, and Nepal.

Discrimination

The unjust or prejudicial treatment of different categories of people, especially on the grounds of race, age, sex, or disability.

Racism

Bias, unfair treatment, or hostility towards individuals of another race, stemming from the conviction that one's own race is superior.

South Asian Americans

A demographic group in the United States consisting of individuals of South Asian descent, which includes countries like India, Pakistan, Bangladesh, Nepal, Sri Lanka, Bhutan, and the Maldives.