McCorey Corporation recorded the following events last year:

Repurchase by the company of its own common stock	$44,000
Sale of long-term investment	$63,000
Interest paid to lenders	$17,000
Dividends paid to the company's shareholders	$73,000
Collection by McCorey of a loan made to another company	$49,000
Payment of taxes to governmental bodies	$27,000

On the statement of cash flows, some of these events are classified as operating activities, some are classified as investing activities, and some are classified as financing activities.

Based solely on the information above, the net cash provided by (used in) investing activities on the statement of cash flows would be:

• $(17,000)
• $(12,000)
• $29,000
• $92,000

Answer rating: 100% (QA)

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