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The following events occurred last year at Dewhurst Company: Purchase of plant and equipment $75,000 Sale of long-term investment $48,500 Dividends received on long-term investments
The following events occurred last year at Dewhurst Company: Purchase of plant and equipment $75,000 Sale of long-term investment $48,500 Dividends received on long-term investments $ 24,000 Paid off bonds payable $52,000 Depreciation expense $ 21,000 Based on the above information, the cash provided (used) by investing activities for the year on the statement of cash flows would net to: $(52,000) $(26,500) $(21,000) $(75,500)
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