Question

Alp Inc. had the following activities during 2014:
• Acquired 2,000 shares of stock in Maybel Inc. for $26,000.
• Sold an investment in Rate Motors for $35,000 when the carrying value was $33,000.
• Acquired a $50,000, four-year certificate of deposit from a bank. (During the year, interest of $3,750 was paid to Alp.)
• Collected dividends of $1,200 on stock investments.

Required:
In Alp’s 2014 statement of cash flows, what amount would be shown for net cash used in investing activities?



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  • CreatedSeptember 10, 2014
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