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The following events occurred last year at Dorder Corporation: Purchase of plant and equipment $83,000 Sale of long-term investment $61,000 Dividends received on long-term investments $30,000 Paid off bonds payable $63,000 Depreciation expense $28,000 Based on the above information, the cash provided (used) by investing activities for the year on the statement of cash flows would net to: $(28,000) $(83,000) $(22,000) $(63,000)
|
The following events occurred last year at Dorder Corporation: |
|
Purchase of plant and equipment |
$83,000 |
|
Sale of long-term investment |
$61,000 |
|
Dividends received on long-term investments |
$30,000 |
|
Paid off bonds payable |
$63,000 |
|
Depreciation expense |
$28,000 |
|
Based on the above information, the cash provided (used) by investing activities for the year on the statement of cash flows would net to: |
$(28,000)
$(83,000)
$(22,000)
$(63,000)
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