Alcoser Corporation's most recent balance sheet appears below: Net income for the year was $60. Cash dividends were $12. The company did not dispose of any property, plant, and equipment. It did not issue any bonds payable or repurchase any of its own common stock. The following questions pertain to the company's statement of cash flows. The net cash provided by (used in) investing activities for the year was:
A)$74
B)($74)
C)($72)
D)$72

Question

Alcoser Corporation's most recent balance sheet appears below:  Net income for the year was $60. Cash dividends were $12. The company did not dispose of any property, plant, and equipment. It did not issue any bonds payable or repurchase any of its own common stock. The following questions pertain to the company's statement of cash flows. The net cash provided by (used in) investing activities for the year was:
A)$74 
B)($74) 
C)($72) 
D)$72

Quizplus · Accepted Answer

The Answer of Alcoser Corporation's most recent balance sheet appears below:  Net income for the year was $60. Cash dividends were $12. The company did not dispose of any property, plant, and equipment. It did not issue any bonds payable or repurchase any of its own common stock. The following questions pertain to the company's statement of cash flows. The net cash provided by (used in) investing activities for the year was:
A)$74 
B)($74) 
C)($72) 
D)$72

Alcoser Corporation's Most Recent Balance Sheet Appears Below: Net