Megna Company\'s net income last year was $143,000. Changes in the company\'s ba
ID: 2360807 • Letter: M
Question
Megna Company's net income last year was $143,000. Changes in the company's balance sheet accounts for the year
The company paid a cash dividend and it did not dispose of any long-term investments or property, plant, and equipment. The company did not issue any bonds payable or repurchase any of its own common stock. The following questions pertain to the company's statement of cash flows.
The net cash provided by (used in) investing activities last year was:
A) $(95,000)
B) $95,000
C) $(125,000)
D) $125,000
Explanation / Answer
its option C definitely ie C) $(125,000)