In preparing its cash flow statement for the year ended December 31, Reve Co. collected the following dа ta:Gain on sale of equipment$ (6,000) Proceeds from sale of equipment 10,000Purchase of A. S., Inc. bonds (par value $200,000) (180,000) Amortization of bond discount 2,000 Dividends declared (45,000) Dividends paid 38,000) Proceeds from sale of Treasury stock (carrying amount $65,000) 75,000In its December 31, statement of cash flows, what amount should Reve report as net cash used in investing activities? a. $170,000 b. $176,000 c. $188,000d. $194,000Choice "a" is correct. Investing activities include acquisitions and sales of long-term assets or investmentassets. Cash used equals $170,000 ($180,000 paid less $10,000 received from the sale of the equipment).
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