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?Garrison 16e Rechecks 2017-11-20

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?Garrison 16e Rechecks 2017-11-20

A) $0
B) $(15,000)
C) $25,000
D) $45,000

Amrit Grewal · Accepted Answer

Final Answer : A, Explanation :  Since no equipment was sold or purchased, and there is no other information given about investing activities, the net cash provided by (used in) investing activities is $0.

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