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The following events occurred last year at Dorder Corporation: Purchase of plant and equipment $ 22,000 Sale of long-term investment $ 19,000 Dividends received on
The following events occurred last year at Dorder Corporation:
Purchase of plant and equipment | $ | 22,000 |
Sale of long-term investment | $ | 19,000 |
Dividends received on long-term investments | $ | 9,000 |
Paid off bonds payable | $ | 23,000 |
Depreciation expense | $ | 11,500 |
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:
A) $(28,500)
B) $(3,000)
C) $(11,500)
D) $(23,000)
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