On Its December 31st Balance Sheet,LCG Company Reported Gross Fixed

Multiple Choice

On its December 31st balance sheet,LCG Company reported gross fixed assets of $6,500,000 and net fixed assets of $5,000,000.Depreciation for the year was $500,000.Net fixed assets a year earlier on December 31st,had been $4,700,000.What figure for "Cash Flows Associated with Long-Term Investments (Fixed Assets) " should LCG report on its Statement of Cash Flows for the current year?

A) $500,000
B) $600,000
C) $700,000
D) $800,000
E) $900,000