1. The following events occurred last year at Dorder Corporation:

Purchase of plant and equipment	$55,000
Sale of long-term investment	$36,500
Dividends received on long-term investments	$19,000
Paid off bonds payable	$42,000
Depreciation expense	$21,500

Based on the above information, the cash provided (used) by investing activities for the year on the statement of cash flows would net to:

a. $(63,000)

b. $(21,500)

c. $(18,500)

d. $(42,000)

3. McCorey Corporation recorded the following events last year:

Repurchase by the company of its own common stock	$31,000
Sale of long-term investment	$50,000
Interest paid to lenders	$10,500
Dividends paid to the company's shareholders	$60,000
Collection by McCorey of a loan made to another company	$36,000
Payment of taxes to governmental bodies	$20,500

On the statement of cash flows, some of these events are classified as operating activities, some are classified as investing activities, and some are classified as financing activities.

Based solely on the information above, the net cash provided by (used in) investing activities on the statement of cash flows would be:

a. $26,000

b. $(15,500)

c. $86,000

d. $(13,500)

4. Financial statements of Rukavina Corporation follow:

Rukavina Corporation Comparative Balance Sheet
	Ending Balance	Beginning Balance
Assets:
Cash and cash equivalents	$28	$25
Accounts receivable	86	76
Inventory	42	35
Property, plant and equipment	588	520
Less: accumulated depreciation	340	299
Total assets	$404	$357
Liabilities and stockholders' equity:
Accounts payable	$45	$60
Bonds payable	115	150
Common stock	85	76
Retained earnings	159	71
Total liabilities and stockholders' equity	$404	$357

Income Statement
Sales	$725
Cost of goods sold	459
Gross margin	266
Selling and administrative expenses	100
Net operating income	166
Income taxes	59
Net income	$107

Cash dividends were $19. The company did not dispose of any property, plant, and equipment. It did not issue any bonds payable or repurchase any of its own common stock. The following questions pertain to the company's statement of cash flows.

The net cash provided by (used in) investing activities for the year was:

a. $(19)

b. $(35)

c. $9

d. $(68)

5. Alcoser Corporation's most recent balance sheet appears below:

Comparative Balance Sheet
	Ending Balance	Beginning Balance
Assets:
Cash and cash equivalents	$34	$29
Accounts receivable	32	36
Inventory	53	66
Property, plant and equipment	554	480
Less accumulated depreciation	208	206
Total assets	$465	$405
Liabilities and stockholders equity:
Accounts payable	$41	$50
Accrued liabilities	17	16
Income taxes payable	28	30
Bonds payable	217	200
Common stock	75	70
Retained earnings	87	39
Total liabilities and equity	$465	$405

Net income for the year was $60. Cash dividends were $12. The company did not dispose of any property, plant, and equipment. It did not issue any bonds payable or repurchase any of its own common stock. The following questions pertain to the company's statement of cash flows. The net cash provided by (used in) investing activities for the year was:

a. $74

b. ($74)

c. ($72)

d. $72