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:

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:

Quizplus · Accepted Answer

Net cash used in investing activities = Purchase of property, plant, and equipment - Sale of property, plant, and equipment= $45,000 - $23,000= $22,000

Krech Corporation's Comparative Balance Sheet Appears Below