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The following events occurred last year at Dorder Corporation: Purchase of plant and equipment $35,000 Sale of long-term investment $16,000 Dividends received on long-term investments
The following events occurred last year at Dorder Corporation: |
Purchase of plant and equipment | $35,000 |
Sale of long-term investment | $16,000 |
Dividends received on long-term investments | $9,500 |
Paid off bonds payable | $21,000 |
Depreciation expense | $13,500 |
Based on the above information, the cash provided (used) by investing activities for the year on the statement of cash flows would net to: |
$(13,500)
$(21,000)
$(44,000)
$(19,000)
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