Newburn Corporation's most recent balance sheet appears below: The company's net income for the year was $53 and it did not sell or retire any property,plant,and equipment during the year.Cash dividends were $11.The net cash provided by (used in)investing activities for the year was:
A)$(33)
B)$33
C)$(66)
D)$66

Question

Newburn Corporation's most recent balance sheet appears below:  The company's net income for the year was $53 and it did not sell or retire any property,plant,and equipment during the year.Cash dividends were $11.The net cash provided by (used in)investing activities for the year was:
A)$(33) 
B)$33 
C)$(66) 
D)$66

Quizplus · Accepted Answer

Investing activities:
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Newburn Corporation's Most Recent Balance Sheet Appears Below: the Company's