Given the Following Information, Determine the Amount of Cash Flows

question 75

Multiple Choice

Given the following information, determine the amount of cash flows from investing and financing activities. $\begin{array}{|l|r|}\hline \text { Net income } & \$ 70,000 \\\hline \text { Loss on sale of plant assets } & 25,000 \\\hline \text { Cash received from sale of plant assets } & 36,000 \\\hline \text { Cash received from issuing stock } & 80,000 \\\hline \text { Increase in income taxes payable } & 20,000 \\\hline\end{array}$

• A) \(\begin{array}{|l|}
• \hline \text {Cash provided by irvestire activities, \$ 11,000} \\
• \hline \text {Cash provided by firaarucing activities, \$ 80,000} \\
• \hline
• \end{array}\)
• B) \(\begin{array}{|l|}
• \hline \text {Cash used by irvestire activities, \$ 80,000} \\
• \hline \text {Cash used by firaricing activities, \$ 11,000} \\
• \hline
• \end{array}\)
• C) \(\begin{array}{|l|}
• \hline \text {Cash provided by irvestirg activities, \$ 80,000} \\
• \hline \text {Cash provided by firaarcing activities, \$ 36,000} \\
• \hline
• \end{array}\)
• D) \(\begin{array}{|l|}
• \hline \text {Cash used by irvestirg activities, \$ 25,000} \\
• \hline \text {Cash used by Finarcing activities \$ \$ 36,000} \\
• \hline
• \end{array}\)
• E) \(\begin{array}{|l|}
• \hline \text {Cash provided by irvestire activities, \$ 36,000} \\
• \hline \text {Cash provided by firancing activities, \$ 80,000} \\
• \hline
• \end{array}\)