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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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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M92600978

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