Use the Following Information to Answer Questions
Crocker Co

question 77

Multiple Choice

Use the following information to answer questions
Crocker Co.had the following activity during 2011: $\begin{array}{lr}\text { Proceeds from sale of bonds payable } & \$ 200,000 \\\text { Loss of disposal of equipment } & \\\text { (\$0 proceeds from disposal) } & 18,000 \\\text { Dividends paid to shareholders } & 25,000 \\\text { Sale of shares } & 125,000 \\\text { Gain on the sale of short term investments } & 75,000\end{array}$
-What was the cash flow from investing activities?

• A)$ 57,000
• B)$ 75,000
• C)$ 93,000
• D)$ - 0 -

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Definitions:

General Ledger Account

A comprehensive record containing all the financial transactions of a business.

Aging

A method used in accounting to categorize a company's accounts receivables according to the length of time an invoice has been outstanding.

Accounts Receivable

The funds owed to a company by customers for goods or services delivered or used but not yet paid for.