Yi Company began operations on January 1, 2013. During 2013, the company engaged in the following cash
Fantastic news! We've Found the answer you've been seeking!
Question:
Yi Company began operations on January 1, 2013. During 2013, the company engaged in the following cash transactions:
1) Issued stock for $40,000
2) Borrowed $25,000 from its bank
3) Provided consulting services for $38,000
4) paid back $15,000 of the bank loan
5) Paid rent expense for $9,000
6) Purchased equipment costing $12,000
7) Paid $3,000 dividends to stockholders
8) Paid employees' salaries, $21,000
What is Yi's net cash flow from investing activities?
Inflow of $40,000
Inflow of $28,000
Outflow of $37,000
Outflow of $12,000
Related Book For
Intermediate Accounting
ISBN: 978-0324300987
10th Edition
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
Posted Date: