Reference no: EM133040548
Question - Beal, Inc. had the following information available at the end of Year 3:
Trading securities increase $300,000
Available-for-sale debt securities decrease (100,000)
Equipment increase 500,000
Common stock increase 100,000
Equipment costing $1,300,000 was acquired for $600,000 with the balance financed through a long-term note payable. Equipment costing $800,000, with a carrying value of $325,000, was sold for $350,000. The available-for-sale debt securities were sold for $135,000. The stock was issued at $10 par value. There were no other transactions involving the accounts.
In Beal's Year 3 statement of cash flows, what the net cash used by investing activities?
A. $15,000
B. $115,000
C. $215,000
D. $815,000