Alp, Inc. had the following activities during 2008: Acquired 2,000 shares of stock in Maybel, Inc.

Question:

Alp, Inc. had the following activities during 2008:
• 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 2008 statement of cash flows, what amount would be shown for net cash used in investing activities?

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Related Book For  book-img-for-question

Financial Reporting And Analysis

ISBN: 12

4th Edition

Authors: Lawrence Revsine, Daniel Collins

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