Question: Can I get help with this question? Ill give thumbs up if correct :) Thank you in advance! The following transactions occurred during 2020 for
Can I get help with this question? Ill give thumbs up if correct :) The following transactions occurred during 2020 for the Oregon Corporation. The company owns and operates a wholesale warehouse. Issued 30,000 shares of common stock in exchange for $300,000 in cash. Purchased equipment at a cost of $40,000. $10,000 cash was paid and a note payable to the seller was signed for the balance owed. Credit sales for 2020 totaled $120,000. The cost of the goods sold was $70,000. Paid $4,000 for dividends Recorded depreciation expense of $1,000 for the year on the equipment How much do these transactions increase or decrease cash flows from investing activities? None of the other answer choices are correct Decrease by $14,000 Decrease by $10,000 Increase by $15,000
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