Hocking Corporation's comparative balance sheet appears below: The company's net income (loss) for the year was $10,000 and its cash dividends were $1,000. 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)$5,000
B)$18,000
C)$27,000
D)$41,000

Question

Hocking Corporation's comparative balance sheet appears below:  The company's net income (loss) for the year was $10,000 and its cash dividends were $1,000. 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)$5,000 
B)$18,000 
C)$27,000 
D)$41,000

Quizplus · Accepted Answer

Investing activities:
 11eaa48f_7afa_8bf2_9e4a_a985e731fff6_TB2485_00

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