Use the Following Cash Flow Data of Haven Hardware for the Year

question 48

Multiple Choice

Use the following cash flow data of Haven Hardware for the year ended 31 December 2013. What is the net cash provided by or used in investing activities of Haven Hardware?

• A)($12 000)
• B)($62 000)
• C)$12 000
• D)$164 000

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Definitions:

Financial Assets

Economic resources or investments that are paper or digital, such as stocks, bonds, and bank deposits.

Exchange Rate

The worth of one currency when converted into another.

Gold

A precious metal used as an investment, a currency standard, and jewelry due to its perceived value and physical properties.

Currency

The system of money in general use in a particular country or economic system for buying and selling goods and services.