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The following events occurred last year at Dorder Corporation: Purchase of plant and equipment $ 67,200 Sale of long-term investment $ 46,500 Dividends received on
The following events occurred last year at Dorder Corporation:
Purchase of plant and equipment | $ | 67,200 |
Sale of long-term investment | $ | 46,500 |
Dividends received on long-term investments | $ | 24,000 |
Paid off bonds payable | $ | 47,000 |
Depreciation expense | $ | 26,500 |
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
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$(70,200)
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$(26,500)
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$(20,700)
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$(47,000)
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