Question: Use the indirect method to answer the question. The following information is available for Armstrong Company: Net income $450 Increase in plant and equip. $170

Use the indirect method to answer the question. The following information is available for Armstrong Company: Net income $450 Increase in plant and equip. $170 Depreciation expense 80 Payment of dividends 10 Decrease in accounts receivable 20 Increase in long-term debt 100 Increase in inventories 15 Decrease in accounts payable 30 What is cash from investing activities for Armstrong Company? A. ($160) B. $160 C. $170 D. ($170)

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