The company's net income for the year was $52 and it did not sell or retire any property, plant, and equipment during the year.

Question

Schach [20]

3 years ago

6

The company's net income for the year was $52 and it did not sell or retire any property, plant, and equipment during the year.

Cash dividends were $9. The net cash provided by (used in) investing activities for the year was:

Business

1 answer:

Harrizon [31] · Answer 1 · 2022-01-01T22:53:55+03:00

Answer:

The net cash provided by (used in) investing activities for the year was: $ 0

Explanation:

Investing Activities consists of activities that result from Purchase or Sale of Capital expenditure items.

Types of Capital expenditure items are Machinery, Equipment, Plant or any Non-Current assets that is used by the company.

The question you provided does not have any purchase or sale of the Property, Plant and Equipment items. So no cash movement from Investing Activities during the period.