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Calc, Inc had the following activities during 2015 Acquired 2,000

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Calc, Inc. had the following activities during 2015:
Acquired 2,000 shares of stock in Carabil, Inc. for $25,000.
Calc intends to hold the stock as a long-term investment.
Sold an investment in Galent Auto for $34,000 when the
carrying value was $32,000. Acquired a $50,000, four-
year certificate of deposit from a bank. (During the year,
interest of $3,375 was paid to Calc.) Collected dividends
of $1,200 on stock investments. Required: In Calc\'s year 1
statement of cash flows, what is net cash used in investing
activities?
Solution
Sale o Investment in Galent Auto
$34,000
Investment in certificate of deposit
($50,000)
Interest received on investment
3375
Dividend received
$1,200
Cash flow from investing activities
($11,425)
Rest of transactions are part of either cash flows from

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Calc, Inc. had the following activities during 2015: Acquired 2,000 shares of stock in Carabil, Inc. for $25,000. Calc intends to hold the stock as a long -term investment. Sold an investment in Galent Auto for $34,000 when the carrying value was $32,000. Acquired a $50,000, four year certificate of deposit from a bank. (During the year, interest of $3,375 was paid to Calc.) Collected dividends of $1,200 on stock investments. Required: In Calc \'s year 1 statement of cash flows, what is net cash u sed in investing activities? Solution Sale o Investment in Galent Auto $34,000 Investment in ce ...
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