The following events occurred last year at Dorder Corporation: 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) $(21,000)
B) $(12,000)
C) $(32,000)
D) $(69,000)

Question

The following events occurred last year at Dorder Corporation:

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) $(21,000)
B) $(12,000)
C) $(32,000)
D) $(69,000)

Petra Csizmadia · Accepted Answer

Final Answer : A, Explanation :  The cash inflow from the sale of long-term investments is $6,000, and the cash outflow from the purchase of property, plant, and equipment is $27,000. Therefore, the net cash provided by (used in) investing activities is $(27,000 - $6,000) = $(21,000).

The following events occurred last year at Dorder Corporation: 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) $(21,000)
B) $(12,000)
C) $(32,000)
D) $(69,000)

Definitions

Learning Objectives

Learning Objectives

Related questions

The following events occurred last year at Dorder Corporation: 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) $(21,000) B) $(12,000) C) $(32,000) D) $(69,000)

Definitions

Learning Objectives

Learning Objectives

Related questions

The following events occurred last year at Dorder Corporation: 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) $(21,000)
B) $(12,000)
C) $(32,000)
D) $(69,000)