Question 5 (of 11) 6. value: 6.00 points Two years ago, your company bought $50,

Question

Question 5 (of 11) 6. value: 6.00 points Two years ago, your company bought $50,000 in bonds from another company. This month, it sold half of those bonds for $22,540 and purchased the common stock of another company for $1.950. On the statement of cash flows for this accounting period, your company would report a net cash: O inflow of $20,590 from investing activities. O outflow of $22,540 from investing activities. O inflow of $22,540 from investing activities O outflow of $20,590 from investing activities. References Learning Objective: 12-C Multiple Choice Difficulty: 3 Hard

Explanation / Answer

Cash received from sale of bonds $ 22,540 Cash paid for purchase of other stocks $ (1,950) Cash inflow from investing activities $ 20,590 Hence, correct option is inflow of $20,590 from investing cash flows.

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