Question: Use the indirect method to answer the question. The following information is available for Armstrong Company. Net income $450 Depreciation expense 80 Decrease in accounts

Use the indirect method to answer the question. The following information is available for Armstrong Company. Net income $450 Depreciation expense 80 Decrease in accounts receivable 20 Increase in inventories 15 Increase in plant and equip $170 Payment of dividend 10 Increase in longterm debt 100 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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