Question: Use the indirect method to answer the question. The following information is available for Armstrong Company: Net income $ 4 5 0 Increase in plant

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 financing activities for Armstrong Company?
A.
$70
B.
$60
C.
$90
D.
($110)

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