Alp Inc. had the following activities during 2014: Acquired 2,000 shares of stock in Maybel Inc.
Question:
• Acquired 2,000 shares of stock in Maybel Inc. for $26,000.
• Sold an investment in Rate Motors for $35,000 when the carrying value was $33,000.
• Acquired a $50,000, four-year certificate of deposit from a bank. (During the year, interest of $3,750 was paid to Alp.)
• Collected dividends of $1,200 on stock investments.
Required:
In Alp’s 2014 statement of cash flows, what amount would be shown for net cash used in investing activities?
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Related Book For
Financial Reporting and Analysis
ISBN: 978-0078025679
6th edition
Authors: Flawrence Revsine, Daniel Collins, Bruce, Mittelstaedt, Leon
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