Yi Company began operations on January 1, 2013. During 2013, the company engaged

Question

Yi Company began operations on January 1, 2013. During 2013, the company engaged in the following cash transactions: 1) issued stock for $58,000 2) borrowed $34,000 from its bank 3) provided consulting services for $56,000 4) paid back $24,000 of the bank loan 5) paid rent expense for $13,500 6) purchased equipment costing $21,000 7) paid $3,900 dividends to stockholders 8) paid employees' salaries, $30,000 What is Yi's net cash flow from investing activities? Multiple Choice Outflow of $46,900 Outflow of $21,000 Inflow of $37000 Inflow of $58,000

Explanation / Answer

in given situation, only purchase of building is related to investing activities.

so answer is B. $21,000 Outflow

Related Questions

Navigate

• Browse (All)
• Browse Y
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.