Barrow Company Recorded the Following Cash Transactions for the Year

question 173

Multiple Choice

Barrow Company recorded the following cash transactions for the year: Paid $115000 for salaries.
Paid $40000 to purchase office equipment.
Paid $9000 for utilities.
Sold investments for cash of $5000.
Paid $11000 in dividends.
Collected $295000 from customers.
Issued shares for cash of $120000.
What was Barrow's net cash provided (used) by investing activities?

• A)($24000)
• B)($35000)
• C)($40000)
• D)$80000

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