Stone Retail Corporation's most recent comparative Balance Sheet is as follows:Comparative Balance Sheet Ending BalanceBeginning BalanceAssets: 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

Question

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?

A. $25,000
B. $45,000
C. $(15,000)
D. $0

Answer 1

Answer: D