Hocking Corporation's Comparative Balance Sheet Appears Below: the Company's

question 68

Multiple Choice

Hocking Corporation's comparative balance sheet appears below: The company's net income (loss) for the year was $10,000 and its cash dividends were $1,000. It did not sell or retire any property, plant, and equipment during the year. The company uses the indirect method to determine the net cash provided by operating activities
-The company's net cash used in investing activities is:

• A)$5,000
• B)$18,000
• C)$27,000
• D)$41,000

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