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)

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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The following events occurred last year at Dorder Corporation:
Purchase of plant and equipment
Sale of long-term investment
Dividends received on long-term investments
$ 83,000
$ 61,000
$ 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)
Transcribed Image Text:The following events occurred last year at Dorder Corporation: Purchase of plant and equipment Sale of long-term investment Dividends received on long-term investments $ 83,000 $ 61,000 $ 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)
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