Stone Retail Corporation's most recent comparative Balance Sheet is as follows: Stone's net income was $46,000. No equipment was sold or purchased. Cash dividends of $40,000 were declared and paid. Stone uses the indirect method to prepare its statement of cash flows.What is Stone's net cash provided by (used in) investing activities?Garrison 16e Rechecks 2017-11-20

Question

Stone Retail Corporation's most recent comparative Balance Sheet is as follows:  Stone's net income was $46,000. No equipment was sold or purchased. Cash dividends of $40,000 were declared and paid. Stone uses the indirect method to prepare its statement of cash flows.What is Stone's net cash provided by (used in) investing activities?Garrison 16e Rechecks 2017-11-20

Quizplus · Accepted Answer

Since no equipment was sold or purchased, and there is no other information given about investing activities, the net cash provided by (used in) investing activities is $0.

Stone Retail Corporation's Most Recent Comparative Balance Sheet Is as Follows