Krech Corporation's comparative balance sheet appears below: The company's net income (loss) for the year was ($3,000) and its cash dividends were $3,000. It did not sell or retire any property, plant, and equipment during the year. The company uses the indirect method to determine the net cash provided by operating activities. The company's net cash used in investing activities is:
A)$20,000
B)$5,000
C)$45,000
D)$22,000

Question

Krech Corporation's comparative balance sheet appears below:  The company's net income (loss) for the year was ($3,000) and its cash dividends were $3,000. It did not sell or retire any property, plant, and equipment during the year. The company uses the indirect method to determine the net cash provided by operating activities. The company's net cash used in investing activities is:
A)$20,000 
B)$5,000 
C)$45,000 
D)$22,000

Quizplus · Accepted Answer

The Answer of Krech Corporation's comparative balance sheet appears below:  The company's net income (loss) for the year was ($3,000) and its cash dividends were $3,000. It did not sell or retire any property, plant, and equipment during the year. The company uses the indirect method to determine the net cash provided by operating activities. The company's net cash used in investing activities is:
A)$20,000 
B)$5,000 
C)$45,000 
D)$22,000

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