Megenity Company's net income last year was $194,000. Changes in the company's balance sheet accounts for the year appear below: The company declared and paid cash dividends of $132,000 last year. The following questions pertain to the company's statement of cash flows.
-The net cash provided by (used in) investing activities last year was:
A) $(75,000)
B) $75,000
C) $(95,000)
D) $95,000

Question

Megenity Company's net income last year was $194,000. Changes in the company's balance sheet accounts for the year appear below:  The company declared and paid cash dividends of $132,000 last year. The following questions pertain to the company's statement of cash flows.
-The net cash provided by (used in) investing activities last year was:
A) $(75,000) 
B) $75,000 
C) $(95,000) 
D) $95,000

Quizplus · Accepted Answer

The Answer of Megenity Company's net income last year was $194,000. Changes in the company's balance sheet accounts for the year appear below:  The company declared and paid cash dividends of $132,000 last year. The following questions pertain to the company's statement of cash flows.
-The net cash provided by (used in) investing activities last year was:
A) $(75,000) 
B) $75,000 
C) $(95,000) 
D) $95,000

Megenity Company's Net Income Last Year Was $194,000