Financial statements of Farnham Corporation follow: Cash dividends were $3.
-The net cash provided by (used by) investing activities for the year was:
A) ($32)
B) $32
C) ($26)
D) $26

Question

Financial statements of Farnham Corporation follow:   Cash dividends were $3.
-The net cash provided by (used by) investing activities for the year was:
A) ($32) 
B) $32 
C) ($26) 
D) $26

Quizplus · Accepted Answer

The net cash provided by (used by) investing activities is typically expressed as a negative number if cash was used, indicating an outflow. Hence, ($32) suggests a cash outflow of $32.

Financial Statements of Farnham Corporation Follow: Cash Dividends