Question: In preparing its cash flow statement for the year ended December 31, Fox collected the following data: Payment on purchase of equipment 50,000 Proceeds on
In preparing its cash flow statement for the year ended December 31, Fox collected the following data:
Payment on purchase of equipment 50,000
Proceeds on sale of Owl Inc. bonds (par value $200,000) 170,000
Loss on sale of bonds 20,000
Amortization of bond discount 5,000
Proceeds on sale of MJM Co. stock (carrying amount $68,000) 75,000
Gain on sale of stock 7,000
In its December 31 annual statement of cash flows, what amount should Fox report as net cash provided from investing activities?
Group of answer choices
$177,000
$195,000
$182,000
$170,000
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