Question: Bloom Computer Corp. reported the following items on its comparative balance sheet at December 31, 2020, and on its Statement of Cash Flows for
Bloom Computer Corp. reported the following items on its comparative balance sheet at December 31, 2020, and on its Statement of Cash Flows for the year ending December 31, 2020: Comparative Balance Sheets Dec 31, 2020 Cash $30,000 Statement of Cash Flows Dec 31, 2019 $80,000 For the Period Ending December 31, 2020 Net cash inflows from operating activities $70,000 Net cash outflows from investing activities Net cash outflows from financing activities (40,000) ? Net cash outflows from financing activities were: O a $80,000 O b. $50,000 Oc $30,000 Od. $160,000 Oe. $0.
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