Krech Corporation's comparative balance sheet appears below:
The company's net income (loss) for the year was ($3,000) and its cash dividends were $3,000. It did not sell or retire any property, plant, and equipment during the year. The company uses the indirect method to determine the net cash provided by operating activities.
-The company's net cash provided by (used in)investing activities is:
A) $(20,000)
B) $(5,000)
C) $(45,000)
D) $(22,000)

Question

Krech Corporation's comparative balance sheet appears below:
  The company's net income (loss) for the year was ($3,000) and its cash dividends were $3,000. It did not sell or retire any property, plant, and equipment during the year. The company uses the indirect method to determine the net cash provided by operating activities.
-The company's net cash provided by (used in)investing activities is:
A) $(20,000) 
B) $(5,000) 
C) $(45,000) 
D) $(22,000)

Quizplus · Accepted Answer

Investing activities:
 11ea7761_159c_2910_81a5_ed216d187729_TB2580_00

Krech Corporation's Comparative Balance Sheet Appears Below