Question

The following events occurred last year at Dorder Corporation: Purchase of plant and equipment $ 45,000 Sale of long-term investment $ 24,000 Dividends received on long-term investments $ 9,000 Paid off bonds payable $ 12,000 Depreciation expense $ 32,000 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: Multiple Choice $(32,000) $(69,000) $(12,000) $(21,000)

Answer 1

$(21,000)

Step-by-step explanation:

The computation of the net cash provided by (used in) investing activities is shown below:

Cash flows from investing activties

purchase of plant and Equipment = -$45,000

Sale of long term investment $24,000

net cash used by investing activities - $21,000

Hence, the last option is correct