Question $27$

$1pts$

Three Gray Ladies, Inc. had the following activities during the year. What would be reported on the Statement of Cash Flows as the net cash flow from investing activities?

Sold equipment with a $$50,000$ book value for a gain of $$12,000.$

Paid $$34,000$ on a long$-$term note payable.

Received $$100,000$ from common stock issuance.

Purchased land. Paid a down payment of $$10,000.$ The balance of $$90,000$ will be paid via a five$-$year promissory note with quarterly payments.

Purchased an investment of IBM Stock for $$5,000.$

Paid $$17,000$ cash for purchase of merchandise inventory.

$$47,000$

$$13,000$

$($$$43,000)$

$$35,000$