Business, 11.03.2020 02:40 katelynevette8502

Red, Inc. had the following activities during 2018: Acquired a bond investment for $40,000, which Red intends to hold to maturity. Sold equipment to another corporation for $24,000 when the carrying value was $22,000. Acquired a stock investment for $8,500, which Red intends to hold for trading. Made a loan to an employee for $12,500. Collected interest on a bond investment of $2,500. In Red’s 2018 statement of cash flows, net cash used in investing activities should be:. a. $28,500.b. $39,500.c. $37,000.d. $56,500.

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Red, Inc. had the following activities during 2018: Acquired a bond investment for $40,000, which Re...