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The following events occurred last year at Dorder Corporation: Purchase of plant and equipment $33,600 Sale of long-term investment $12,500 Dividends received on long-term investments
The following events occurred last year at Dorder Corporation:
Purchase of plant and equipment | $33,600 |
Sale of long-term investment | $12,500 |
Dividends received on long-term investments | $7,250 |
Paid off bonds payable | $16,500 |
Depreciation expense | $14,500 |
Based on the above information, the cash provided (used) by investing activities for the year on the statement of cash flows would net to: |
$(16,500)
$(44,850)
$(21,100)
$(14,500)
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