The following events occurred last year at Dorder Corporation:
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:
A)$(21,000)
B)$(12,000)
C)$(32,000)
D)$(69,000)

Question

The following events occurred last year at Dorder Corporation:  
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:
A)$(21,000) 
B)$(12,000) 
C)$(32,000) 
D)$(69,000)

Quizplus · Accepted Answer

The cash inflow from the sale of long-term investments is $6,000, and the cash outflow from the purchase of property, plant, and equipment is $27,000. Therefore, the net cash provided by (used in) investing activities is $(27,000 - $6,000) = $(21,000). 11ea7998_5c10_66de_911b_f11cfaadb767_TB2627_00_TB2627_00

The Following Events Occurred Last Year at Dorder Corporation