Question
The following events occurred last year at Dorder Corporation: Purchase of plant and equipment $ 20,000 Sale of long-term investment $ 8,000 Dividends received on
The following events occurred last year at Dorder Corporation:
| Purchase of plant and equipment | $ | 20,000 |
| Sale of long-term investment | $ | 8,000 |
| Dividends received on long-term investments | $ | 5,000 |
| Paid off bonds payable | $ | 11,000 |
| Depreciation expense | $ | 6,500 |
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:
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Auditing And Society Research On Audit Practice And Regulations
Authors: Wally Smieliauskas, Minlei Ye, Ping Zhang
1st Edition
1138314129, 978-1138314122
