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Cotton Corp

Question 3

Multiple Choice

Cotton Corp. reported net income of $420,000 for 2011. Changes occurred in several balance sheet accounts as follows:
Cotton Corp. reported net income of $420,000 for 2011. Changes occurred in several balance sheet accounts as follows: Additional information: In Cotton's 2011 statement of cash flows, net cash used in investing activities should be A) $2,800. B) $16,800. C) $30,800. D) $49,000.
Additional information:
Cotton Corp. reported net income of $420,000 for 2011. Changes occurred in several balance sheet accounts as follows: Additional information: In Cotton's 2011 statement of cash flows, net cash used in investing activities should be A) $2,800. B) $16,800. C) $30,800. D) $49,000.
In Cotton's 2011 statement of cash flows, net cash used in investing activities should be


A) $2,800.
B) $16,800.
C) $30,800.
D) $49,000.

Correct Answer:

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