Asked by Pinky Melon on Jun 04, 2024
Verified
The net cash provided by (used in) investing activities last year was:
A) $30,000
B) $(30,000)
C) $(40,000)
D) $40,000
Investing Activities
Investing activities are transactions involving the purchase and sale of long-term assets and other investments not considered as cash equivalents.
Net Cash
The difference between a company's total cash inflows and outflows.
- Identify the elements that compose net cash flow from (or utilized in) investment activities.
Verified Answer
TT
Trinity TaylorJun 08, 2024
Final Answer :
C
Explanation :
The negative sign indicates that the company used cash for its investing activities. Therefore, option C, which has a negative sign and a higher absolute value, is the correct answer.
Explanation : 
Learning Objectives
- Identify the elements that compose net cash flow from (or utilized in) investment activities.
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