statement of cash flows
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Free InquiryDuring the year, Verity Co. purchased $200,000 of Otra Co. bonds at par and $50,000 of U.S. Treasury bills. Verity classified the Otra bonds as available-for-sale securities and the Treasury bills as cash equivalents. In Verity’s statement of cash flows, what amount should it report as net cash used in investing activities?
A.$0
B.$150,000
C.$200,000
D.$250,000
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