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).