Consider the following: Issued common stock for $18,000, sold office equipment for $1,200, paid cash dividends of
Question:
Consider the following: Issued common stock for $18,000, sold office equipment for $1,200, paid cash dividends of $4,000, purchased investments for $2,000, and purchased new equipment for $4,000. What was the net cash inflow (outflow) from investing activities?
a. $20,200
b. ($2,800)
c. ($10,800)
d. ($4,800)
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Related Book For
Financial Accounting
ISBN: 9781264229734
11th Edition
Authors: Robert Libby, Patricia Libby, Frank Hodge
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