Multiple Choice
Krech Corporation's comparative balance sheet appears below:
The company's net income (loss) for the year was ($3,000) and its cash dividends were $3,000. 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) $20,000
B) $5,000
C) $45,000
D) $22,000
Correct Answer:

Verified
Correct Answer:
Verified
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