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The following events occurred last year at Dorder Corporation: Purchase of plant and equipment $ 61,500 Sale of long-term investment $ 45,200 Dividends received on
The following events occurred last year at Dorder Corporation: Purchase of plant and equipment $ 61,500 Sale of long-term investment $ 45,200 Dividends received on long-term investments $ 23,500 Paid off bonds payable $ 45,000 Depreciation expense $ 24,000 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 $(61,800) $(16,300) $(24,000) $(45,000)
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