Question 13 Adelaide Brighton Company recorded the following in Year 2017: Proceeds from issuance of long-term...

 

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Question 13 Adelaide Brighton Company recorded the following in Year 2017: Proceeds from issuance of long-term debt $300,000 Purchase of equipment $200,000 Payment for inventory $50,000 Purchase of land $50,000 Loss on sale of equipment $70,000 $20,000 $250,000 $10,000 Dividend paid Proceeds from sale of equipment Equity in earnings of affiliate On the Year 2017 statement of cash flows, what the company would report as net cash flow from investing activities? $50,000.00 $-20,000.00 O 100,000.00 O $0.00 Question 13 Adelaide Brighton Company recorded the following in Year 2017: Proceeds from issuance of long-term debt $300,000 Purchase of equipment $200,000 Payment for inventory $50,000 Purchase of land $50,000 Loss on sale of equipment $70,000 $20,000 $250,000 $10,000 Dividend paid Proceeds from sale of equipment Equity in earnings of affiliate On the Year 2017 statement of cash flows, what the company would report as net cash flow from investing activities? $50,000.00 $-20,000.00 O 100,000.00 O $0.00

Answer rating: 100% (QA)

Cash flow from Investing activities Proceed... View the full answer