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Hocking Corporation's comparative balance sheet appears below: The company's net income (loss) for the year was $10,000 and its cash dividends were $1,000. It did
Hocking Corporation's comparative balance sheet appears below:
The company's net income (loss) for the year was $10,000 and its cash dividends were $1,000. It did not sell or retire any property, plant, and equipment during the year. The company uses the indirect method to determine the net cash provided by operating activities.
The company's net cash used in investing activities is:
A. $5,000
B. $18,000
C. $41,000
D. $27,000
Please show me the work and how you recevied the answer, Thanks!
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