Hirshberg Corporation's comparative balance sheet appears below: The company's net income (loss) for the year was $11,000 and its cash dividends were $4,000. It did not sell or retire any property, plant, and equipment during the year. The company's net cash used in investing activities is:
A)$6,000
B)$54,000
C)$24,000
D)$44,000

Question

Hirshberg Corporation's comparative balance sheet appears below:  The company's net income (loss) for the year was $11,000 and its cash dividends were $4,000. It did not sell or retire any property, plant, and equipment during the year. The company's net cash used in investing activities is:
A)$6,000 
B)$54,000 
C)$24,000 
D)$44,000

Quizplus · Accepted Answer

The Answer of Hirshberg Corporation's comparative balance sheet appears below:  The company's net income (loss) for the year was $11,000 and its cash dividends were $4,000. It did not sell or retire any property, plant, and equipment during the year. The company's net cash used in investing activities is:
A)$6,000 
B)$54,000 
C)$24,000 
D)$44,000

Hirshberg Corporation's Comparative Balance Sheet Appears Below: the Company's