Use the Following Information for Questions 16-17

question 7

Multiple Choice

Use the following information for questions 16-17.
Oswald Ltd. has recently decided to go public and has hired you as their independent accountant. They wish to adhere to IFRS and know that they must prepare a statement of cash flows. Their financial statements for 2020 and 2019 are provided below: The following additional data were provided for calendar 2020:
1. Dividends declared and paid were $ 24,000.
2. Equipment was sold for $ 30,000. This equipment originally cost $ 44,000, and had a book value of $ 36,000 at the time of sale. The loss on sale was included in "selling and administrative expenses," as was the depreciation expense for the year.
3. Bonds were retired during the year at par.
-On a statement of cash flows for calendar 2020, the cash provided by (used in) investing activities is

• A) $ 6,000.
• B) $ 30,000.
• C) $ (36,000).
• D) $ (44,000).

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Definitions:

Initiation

The act of beginning something, such as a process or activity.

Tough Initiation

Practices or rituals designed to introduce and integrate new members into an existing community or organization, often involving challenging tasks or hardships.

Small Size

Referring to entities, organizations, or objects that possess relatively limited dimensions or scale.

Cohesive Groups

Social units where members share strong bonds, leading to high levels of cooperation and mutual support.