In preparing a company's statement of cash flows for the most recent year using the indirect method, the following information is available:

Net income for the year was $52,000

Accounts payable increased by $18,000

Accounts receivable decreased by $25,000

Inventories increased by $5,000

Depreciation expense was $30,000

Net cash provided by operating activities was:

$120,000.

$60,000.

$70,000.

$80,000.

$130,000.

Investing activities do not include the:

Purchase of plant assets.

Lending and collecting on notes receivable.

Issuance of common stock.

Sale of plant assets.

Sale of short-term investments other than cash equivalents.

A cash equivalent is:

An investment readily convertible to a known amount of cash.

Close to its maturity date but its market value may still be affected by interest rate changes.

Generally is within 12 months of its maturity date.

Is not considered highly liquid.

Another name for cash.