Question

The following events occurred last year at Dorder Corporation: Purchase of plant and equipment $ 56,000 Sale of long-term investment $ 40,000 Dividends received on long-term investments $ 22,000 Paid off bonds payable $ 40,000 Depreciation expense $ 25,000 Based on the above information, the net cash provided by (used in) investing activities for the year on the statement of cash flows would be:

Answer 1

($16,000)

Step-by-step explanation:

STATEMENT OF CASH FLOWS PARTIAL (USING INDIRECT METHOD)

Cash Flow from Investing activities

Purchase of plant amd equipment -$56,000

Sale of long-term investment $40,000

Net cash Flow from Investing activities -$16,000