The Following Data Are Available for Nemo Corporation Net Cash Provided by Investing Activities Is:
A)$315,000

question 13

Multiple Choice

The following data are available for Nemo Corporation. $\begin{array}{lr}\text { Sale of land } & \$ 250,000 \\\text { Sale of equipment } & \$ 125,000 \\\text { Issuance of common stock } & 140,000 \\\text { Purchase of equipment } & 60,000 \\\text { Pavment of cash dividends } & 120,000\end{array}$ Net cash provided by investing activities is:

• A)$315,000.
• B)$260,000.
• C)$335,000.
• D)$455,000.

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Definitions:

Sales Journal

A specialized accounting journal that records all credit sales transactions of a business.

Subsidiary Ledger

A detailed ledger used to track individual transactions related to a specific account, complementing the general ledger.

General Ledger

The primary accounting record of all financial transactions of a company, organized by accounts, used to prepare financial statements.

Owner Withdraws

Transactions where the owner of a sole proprietorship takes out cash or other assets from the business for personal use.