Biology Forums - Study Force

Stone Retail Corporation's most recent comparative Balance Sheet is as follows:

Comparative Balance Sheet
	Ending Balance	Beginning Balance
Assets:
Cash and cash equivalents	$ 51,000	$ 64,000
Accounts receivable	83,000	41,000
Inventory	96,000	87,000
Property, plant, and equipment	120,000	120,000
Less accumulated depreciation	65,000	50,000
Total assets	$ 285,000	$ 262,000
Liabilities and stockholders' equity:
Accounts payable	$ 12,000	$ 38,000
Income taxes payable	1,000	3,000
Bonds payable	30,000	5,000
Common stock	100,000	80,000
Retained earnings	142,000	136,000
Total liabilities and stockholders' equity	$ 285,000	$ 262,000

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

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$0

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$(15,000)

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$25,000

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$45,000

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