Kaeser Corporation's most recent balance sheet appears below: 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:
A) $17
B) $67
C) ($17)
D) ($67)

Question

Kaeser Corporation's most recent balance sheet appears below:  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:
A) $17 
B) $67 
C) ($17) 
D) ($67)

Quizplus · Accepted Answer

The Answer of Kaeser Corporation's most recent balance sheet appears below:  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:
A) $17 
B) $67 
C) ($17) 
D) ($67)

Kaeser Corporation's Most Recent Balance Sheet Appears Below: the Company's