Question
The following events occurred last year at Dorder Corporation: Purchase of plant and equipment $ 26,000 Sale of long-term investment $ 11,000 Dividends received on
The following events occurred last year at Dorder Corporation:
| Purchase of plant and equipment | $ | 26,000 |
| Sale of long-term investment | $ | 11,000 |
| Dividends received on long-term investments | $ | 7,000 |
| Paid off bonds payable | $ | 14,500 |
| Depreciation expense | $ | 13,000 |
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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Financial Accounting
Authors: Robert Kemp, Jeffrey Waybright
2nd edition
978-0132771801, 9780132771580, 132771802, 132771586, 978-0133052152
