Question: In preparation for developing its statement of cash flows for the year ended December 31, 2011, Rapid Pac, Inc. collected the following information: Required: 1.

In preparation for developing its statement of cash flows for the year ended December 31, 2011, Rapid Pac, Inc. collected the following information:


Required:

1. In Rapid Pac's statement of cash flows, what were net cash inflows (or outflows) from investing activities for 2011?

2. In Rapid Pac's statement of cash flows, what were net cash inflows (or outflows) from financing activities for 2011?


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