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Elena-2011 [213]
3 years ago
12

The following events occurred last year at Dorder Corporation: Purchase of plant and equipment $ 45,000 Sale of long-term invest

ment $ 24,000 Dividends received on long-term investments $ 9,000 Paid off bonds payable $ 12,000 Depreciation expense $ 32,000 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 $(32,000) $(69,000) $(12,000) $(21,000)
Business
1 answer:
valina [46]3 years ago
4 0

Answer:

$(21,000)

Explanation:

The computation of the  net cash provided by (used in) investing activities is shown below:

Cash flows from investing activties

purchase of plant and Equipment = -$45,000  

Sale of long term investment $24,000  

net cash used by investing activities - $21,000

Hence, the last option is correct

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