Two years ago, your company bought $45,000 in bonds from another company. This month, it sold half
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Question:
Two years ago, your company bought $45,000 in bonds from another company. This month, it sold half of those bonds for $21,540 and purchased the common stock of another company for $1,450.
On the statement of cash flows for this accounting period, your company would report a net cash:
a) inflow of $21,540 from investing activities.
b) inflow of $20,090 from investing activities.
c) outflow of $20,090 from investing activities.
d) outflow of $21,540 from investing activities.
Related Book For
Fundamentals of Cost Accounting
ISBN: 978-0077398194
3rd Edition
Authors: William Lanen, Shannon Anderson, Michael Maher
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