Figure 15-1. Master Company's net income last year was $88,000 and cash dividends declared and paid to the company stockholders was $60,000.Changes in selected balance sheet accounts for the year appear below:
Refer to Figure 15-1.The net cash flows from investing activities last year was
A)$45,000.
B)$(45,000).
C)$85,000.
D)$(85,000).

Question

Figure 15-1. Master Company's net income last year was $88,000 and cash dividends declared and paid to the company stockholders was $60,000.Changes in selected balance sheet accounts for the year appear below:
 Refer to Figure 15-1.The net cash flows from investing activities last year was
A)$45,000. 
B)$(45,000). 
C)$85,000. 
D)$(85,000).

Quizplus · Accepted Answer

The Answer of Figure 15-1. Master Company's net income last year was $88,000 and cash dividends declared and paid to the company stockholders was $60,000.Changes in selected balance sheet accounts for the year appear below:
 Refer to Figure 15-1.The net cash flows from investing activities last year was
A)$45,000. 
B)$(45,000). 
C)$85,000. 
D)$(85,000).