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Alp Inc. had the following activities during 20X1: Acquired 2,000 shares of stock in Maybel Inc. for $26,000. Sold an investment in Rate Motors for
Alp Inc. had the following activities during 20X1: 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.Page 20-32 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 minority-passive stock investments. Required: In Alp's 20X1 statement of cash flows, what amount would be shown for net cash used in investing activities?
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