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Frye Company Uses the Direct Method to Prepare Its Statement

Question 62

Multiple Choice

Frye Company uses the direct method to prepare its statement of cash flows. The company had the following cash flows during 2011:
Frye Company uses the direct method to prepare its statement of cash flows. The company had the following cash flows during 2011: See information regarding Frye Company above. The net cash provided by (used in) investing activities is A) $220,000. B) $140,000. C) $60,000. D) $(80,000) .
See information regarding Frye Company above. The net cash provided by (used in) investing activities is


A) $220,000.
B) $140,000.
C) $60,000.
D) $(80,000) .

Correct Answer:

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