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?
A) $0
B) $(15,000)
C) $25,000
D) $45,000

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?
A) $0 
B) $(15,000) 
C) $25,000 
D) $45,000

Quizplus · Accepted Answer

There were no investing activities: no change in the property, plant, and equipment account and no long-term investments account.

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