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

question 14

Multiple Choice

Use the following cash flow data of Haven Hardware for the year ended December 31, 2008.
-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:

Sales Slip

A document that records the details of a transaction made between a buyer and a seller.

Cash Register Tape

A paper roll or digital record used in cash registers to record transactions made during a business day.

Owner's Equity

The residual interest in the assets of a company after deducting liabilities.

Trial Balance

A trial balance is a bookkeeping report that lists the balances in each of an organization's general ledger accounts.