Given the Following Information, Determine the Amount of Cash Flows

question 139

Multiple Choice

Given the following information, determine the amount of cash flows from investing and financing activities. $\begin{array}{|l|r|}\hline \text { Net income } & \$ 50,000 \\\hline \text { Loss on sale of plant assets } & 15,000 \\\hline \text { Cash received from sale of plant assets } & 26,000 \\\hline \text { Cash received from issuing stock } & 70,000 \\\hline \text { Increase in income taxes payable } & 120,000\\\hline\end{array}$

• A) \(\begin{array}{|l|}
• \hline \text {Cash provided by irvesting activities, \$ 11,000 } \\
• \hline \text {Cash provided by finaricing activities, \$ 70,000} \\
• \hline
• \end{array}\)
• B) \(\begin{array}{|l|}
• \hline \text {Cash used by irvesting activities, \$ 11,000 } \\
• \hline \text {Cash used by finaricing activities, \$ 70,000} \\
• \hline
• \end{array}\)
• C) Cash provided by irvestirg activities, \(\$ 26,000\)
• Cash provided by firancing activities, \(\$ 55,000\)
• D) \(\begin{array}{|l|}
• \hline \text {Cash used by irvesting activities, \$ 26,000} \\
• \hline \text {Cash used by Finarucing activities, \$ 55,000} \\
• \hline
• \end{array}\)
• E) \(\begin{array}{|l|}
• \hline \text {Cash provided by irvesting activities, \$ 26,000} \\
• \hline \text {Cash provided by finaricing activities, \$ 70,000} \\
• \hline
• \end{array}\)

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Definitions:

Sympathetic Nervous System

Part of the autonomic nervous system that prepares the body for 'fight or flight' response during stressful or emergency situations.

Internal Organs

Vital organs located within the main cavities of the body, such as the brain, heart, kidneys, liver, and lungs, which perform essential functions necessary for survival.

Axons

Long, threadlike parts of nerve cells along which impulses are conducted from the cell body to other cells.

Sympathetic Nervous System

Part of the autonomic nervous system that prepares the body for rapid action in situations of stress or danger.