Ask Question
BusinessBusiness
23 January, 13:48

The company's net income for the year was $52 and it did not sell or retire any property, plant, and equipment during the year. Cash dividends were $9. The net cash provided by (used in) investing activities for the year was:

+1
Answers (1)
  1. 23 January, 17:40
    0
    The net cash provided by (used in) investing activities for the year was: $ 0

    Explanation:

    Investing Activities consists of activities that result from Purchase or Sale of Capital expenditure items.

    Types of Capital expenditure items are Machinery, Equipment, Plant or any Non-Current assets that is used by the company.

    The question you provided does not have any purchase or sale of the Property, Plant and Equipment items. So no cash movement from Investing Activities during the period.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “The company's net income for the year was $52 and it did not sell or retire any property, plant, and equipment during the year. Cash ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
James Smith, the CFO of Blossom Automotive, Inc., is putting together this year's financial statements.
Answers (1)
What level of education may be required for a career as an information technology consultant? Choose the answer. associate's degree program master's degree program certification program bachelor's degree program HURRY
Answers (1)
The panic of 1907 was caused by ... ?
Answers (2)
Three critical factors have combined to accelerate the ecological crisis facing the world community and to make sustainable development more difficult. Explain and discuss these three factors.
Answers (1)
How to access your federal reserve account?
Answers (1)
New Questions in Business
An analysis of the accounts shows the following. 1. The equipment depreciates $248 per month. 2. One-third of the unearned rent was recognized as revenue during the quarter. 3. Interest of $550 is accrued on the notes payable. 4.
Answers (1)
On May 31, the following data were accumulated to assist the accountant in preparing the adjusting entries for Oceanside Realty: a. Fees accrued but unbilled at May 31 are $7,780. b. The supplies account balance on May 31 is $2,560.
Answers (1)
True or False: Production runs can be scheduled in one or two shifts. A. True B. False
Answers (1)
A message is updated on the company's web site. What is the communication type that is being used in that example? A. External formal communication B. External informal communication C. Internal formal communication D.
Answers (1)
Joe and Jack have a written contract whereby Joe agrees to sell Jack a plot of land for $100,000. Later, without terminating the first contract, the parties modify the deal so that Joe sells Jack the same plot of land for $125,000.
Answers (1)
Home » Business » The company's net income for the year was $52 and it did not sell or retire any property, plant, and equipment during the year. Cash dividends were $9. The net cash provided by (used in) investing activities for the year was:
Sign Up Forgot Password?