Colosi Corporation's comparative balance sheet appears below: The company's net income (loss) for the year was $3,000 and its cash dividends were $1,000. It did not sell or retire any property, plant, and equipment during the year.
-The company's net cash used in investing activities is:
A)$41,000
B)$5,000
C)$9,000
D)$18,000

Question

Colosi Corporation's comparative balance sheet appears below:  The company's net income (loss) for the year was $3,000 and its cash dividends were $1,000. It did not sell or retire any property, plant, and equipment during the year.
-The company's net cash used in investing activities is:
A)$41,000 
B)$5,000 
C)$9,000 
D)$18,000

Quizplus · Accepted Answer

Investing activities:
 11eaa48f_7afb_2836_9e4a_ef9ea38fb2b1_TB2485_00

Colosi Corporation's Comparative Balance Sheet Appears Below: the Company's