The following events occurred last year at Dorder Corporation: Purchase of plant and equipment $ 83,000 Sale of long-term investment $ 61,000 Dividends received on long-term investments $ 30,000 Paid off bonds payable $ 63,000 Depreciation expense $ 28,000 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 $(83,000) O $(22.000) O $(63,000)
The following events occurred last year at Dorder Corporation: Purchase of plant and equipment $ 83,000 Sale of long-term investment $ 61,000 Dividends received on long-term investments $ 30,000 Paid off bonds payable $ 63,000 Depreciation expense $ 28,000 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 $(83,000) O $(22.000) O $(63,000)
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter5: The Income Statement And The Statement Of Cash Flows
Section: Chapter Questions
Problem 9E: Net Cash Flow from Operating Activities The following are accounting items taken from Tyrone...
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