The following events occurred last year at Dorder Corporation: Purchase of plant and equipment Sale of long-term investment $ 45,000 Depreciation expense $ 24,000 Dividends received on long- $9,000 term investments Paid off bonds payable Ś 12,000 $ 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:

The following events occurred last year at Dorder Corporation: Purchase of plant and equipment Sale of long-term investment $ 45,000 Depreciation expense $ 24,000 Dividends received on long- $9,000 term investments Paid off bonds payable Ś 12,000 $ 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:

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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