S On January 1, 2020, MAC company sold 20% of its investment in ZAC company for...

 

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S On January 1, 2020, MAC company sold 20% of its investment in ZAC company for BD 220,000 cash. On June 1, 2020, MAC med additional 19,000 shares of BD-5 par value (Fair value BD 10) for cash and paid cash of BD 40,000 to purchase a machine cash flows from investing activities: Net OABD (40,000) OB BD 230,000 OCBD 180,000 OD BD 280,000 S On January 1, 2020, MAC company sold 20% of its investment in ZAC company for BD 220,000 cash. On June 1, 2020, MAC med additional 19,000 shares of BD-5 par value (Fair value BD 10) for cash and paid cash of BD 40,000 to purchase a machine cash flows from investing activities: Net OABD (40,000) OB BD 230,000 OCBD 180,000 OD BD 280,000

Answer rating: 100% (QA)

ANSWER C Net cashflow from investing activities 180 000 WORKING Statement of cash flows is prepared ... View the full answer