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QUESTION
Hanson Inc. had the following activities during 2011. Acquired 2,000 shares of stock in MetroDreams Inc.
Hanson Inc. had the following activities during 2011.Acquired 2,000 shares of stock in MetroDreams Inc. for $26,000Sold an investment in Race Motors for $35,000 when the carrying amount was $33,000Acquired a $50,000, 4 year certificate of deposit from a bank ( During the year, interest of $3,750 was paid to Hanson Inc.)Collected dividends of $1,200 on stock investmentsIn Hanson's 2011 statement of cash flow, net cash used in investing activities should be (Points : 5) $37,250 $41,000 $39,800 $38,050
Hanson Inc. had the following activities during 2011.Acquired 2,000 shares of stock in MetroDreams Inc. for $26,000Sold an investment in Race Motors for $35,000 when the carrying amount was...