Diaz Company had the following comparative balance sheet information at the end of Year 2 and Year 1:
Diaz reported net income for Year 2 of $40,000. No property, plant, & equipment was disposed of during the year. Diaz uses the indirect method to prepare the statement of cash flows.Calculate Diaz's cash flow from investing activities for Year 2. Diaz Company
Comparative Balance Sheets
Correct Answer:
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