Winnemac Inc. reported the following transactions in the current year. Purchased an investment in debt securities (long-term)
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Question:
Winnemac Inc. reported the following transactions in the current year.
Purchased an investment in debt securities (long-term) for cash | $50,000 |
Sold equipment for cash, previously used in operations | 125,000 |
Paid cash for dividends | 45,000 |
Issued common stock for cash | 128,000 |
Retired a 10-year bond payable through the issuance of common stock | 125,000 |
Sold investment in equity securities accounted for at fair value | 23,000 |
Borrowed cash by signing a six-month note payable | 35,000 |
Paid interest on note payable | 1,000 |
What is the net amount of cash flows that the company would report in the investing activities section of the statement of cash flows?
Select one:
a. Net cash inflow of $98,000
b. Net cash inflow of $148,000
c. Net cash inflow of $133,000
d. Net cash outflow of $53,000
Related Book For
Financial Reporting Financial Statement Analysis and Valuation a strategic perspective
ISBN: 978-1337614689
9th edition
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
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