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The following events occurred last year at Dorder Corporation: Purchase of plant and equipment $ 71,000 Sale of long-term investment $ 46,000 Dividends received on
The following events occurred last year at Dorder Corporation: Purchase of plant and equipment $ 71,000 Sale of long-term investment $ 46,000 Dividends received on long-term investments $ 23,000 Paid off bonds payable $ 50,000 Depreciation expense $ 23,000 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: Multiple Choice $(25,000) $(50,000) $(23,000) $(75,000)
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