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The following events occurred last year at Dorder Corporation: Purchase of plant and equipment $ 45,000 Sale of long-term investment $ 24,000 Dividends received on
The following events occurred last year at Dorder Corporation:
| Purchase of plant and equipment | $ 45,000 |
|---|---|
| Sale of long-term investment | $ 24,000 |
| Dividends received on long-term investments | $ 9,000 |
| Paid off bonds payable | $ 12,000 |
| Depreciation expense | $ 32,000 |
Based on the above information, the net cash provided by (used in) investing activities for the year on the statement of cash flows would be:
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Advanced Accounting And Auditing Theory And Practice
Authors: Prof. R.B. Patel
1st Edition
8188730882, 978-8188730889
