Multiple Choice
Tucker Tutoring Service Company recorded the following cash transactions for the year: Paid $55000 for salaries.
Paid $7000 to purchase office equipment.
Paid $6000 for utilities advertising and supplies.
Paid $12000 for rent.
Paid $18000 in dividends.
Collected $125000 from customers.
Borrowed $20000 from the bank.
What was the company's net cash provided (used) by investing activities?
A) ($7000)
B) $7000
C) $13000
D) The amount cannot be determined from the information provided.
Correct Answer:

Verified
Correct Answer:
Verified
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