Keller Inc What Was Keller's Cash Flow from Investing Activities for the

question 13

Multiple Choice

Keller Inc. had the following activities during the year: $$\begin{array} { | l | r | } \hline \text { Proceeds from the sale of land } & \$ 346,000 \\\hline \text { Gain on sale of land } & \$ 46,000 \\\hline \text { Proceeds from the issue of common shares } & \$ 800,000 \\\hline \text { Purchase of equipment } & \$ 450,000 \\\hline\end{array}$$ What was Keller's cash flow from investing activities for the year?

• A) $300,000 Cash outflow from investing activities.
• B) $796,000 Cash inflow from investing activities.
• C) $150,000 Cash inflow from investing activities.
• D) $104,000 Cash outflow from investing activities

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Definitions:

Savings

Money set aside from personal income for future use, often placed in secure accounts or investments for growth or as a safeguard.

Disposable Income

Funds households are left with for saving or expenditure after income taxes are taken out.

APC (Average Propensity to Consume)

The fraction of income that is spent on consumption as opposed to savings.

Disposable Income

The amount of money available to households for making purchases and savings after the removal of income taxes.