Stone Retail Corporation's most recent comparative Balance Sheet is as follows: Stone's net income was $46,000.No equipment was sold or purchased.Cash dividends of $40,000 were declared and paid.Stone uses the indirect method to prepare its statement of cash flows. What is Stone's net cash provided by (used in)investing activities?
A)$0
B)($15,000)
C)$25,000
D)$45,000

Question

Stone Retail Corporation's most recent comparative Balance Sheet is as follows:  Stone's net income was $46,000.No equipment was sold or purchased.Cash dividends of $40,000 were declared and paid.Stone uses the indirect method to prepare its statement of cash flows. What is Stone's net cash provided by (used in)investing activities?
A)$0 
B)($15,000) 
C)$25,000 
D)$45,000

Quizplus · Accepted Answer

There were no investing activities: no change in the property,plant,and equipment account and no long-term investments account.

Stone Retail Corporation's Most Recent Comparative Balance Sheet Is as Follows