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Big Dog Builder's, Inc. shows the following as of December 31, 2012.

- Acquired 50% of Kitty Corp's common stock for $225,000 cash which was borrowed from Mouse's Bank.
- Sold available for sales securities for $852,000
- Issued 1,000 of its 12% debenture bonds, due 2017, for $350,000 cash
- Paid $160,000 toward bank loan.
- Recognized $66,000 net increase in returnable long term customer deposits
- Issued 2,000 shares of its preferred stock for land having a fair value of $500,000
- Purchased a patent for $140,000 cash

Big Dog's net cash provided by investing activities for 2012 is:

a) $487,000.

b) $127,000.

c) $627,000.

d) $352,000.

Accounting Basics, Accounting

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  • Reference No.:- M946165

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