Question
The following events occurred last year at Dorder Corporation: Purchase of plant and equipment $54,000 Sale of long-term investment $35,000 Dividends received on long term
The following events occurred last year at Dorder Corporation:
Purchase of plant and equipment $54,000
Sale of long-term investment $35,000
Dividends received on long term investments $18,000
Paid off bonds payable $39,000
Depreciation expense $19,500
Based on the above information, the cash provided (used) by investing activities for the year on the statement of cash flows would net to:
$(19,500) $39,000 $(19,000) $(59,500)
Last year Burch Corporation's cash account decreased by $39,000. Net cash provided by investing activities was $9,400. Net cash used in financing activities was $36,500. On the statement of cash flows, the net cash flow provided by (used in) operating activities was:
$(11,900) $(166,100) $(39,000 ) $271,000
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