In preparing its cash flow statement for the year ended December 31, Reve Co. collected the following data: | |
|---|
| Gain on sale of equipment | $ (6,000) | | Proceeds from sale of equipment | 10,000 | | Purchase 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) | 75,000 |
In its December 31, statement of cash flows, what amount should Reve report as net cash used in investing activities?
|
a. | $194,000 | |
b. | $188,000 | |
c. | $176,000 | |
d. | $170,000 |
|
