Data for XOC for 2013 Were as Follows

question 11

Essay

Data for XOC for 2013 were as follows:
(a) On December 31, 2013, sold a capital asset with a carrying value of $5,000 for $2,000 cash.
(b) Depreciation expense for 2001, $4,000.
(c) Sold 500 common shares at $10 cash per share.
(d) Paid $1,000 on a long-term note payable.
(e) Sold a long term investment costing $400 for $500 cash.
(f) Inventory increased $2,500.
(g) Amortized $30 of patent costs.
(h) Net income, $23,000.
Required:
1. What was net cash inflow (outflow) from investing activities for 2013? Show computations.
2. What was net cash inflow (outflow) from financing activities for 2013? Show computations.

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Definitions:

Positive Contact

Interactions between different groups that are cooperative and pleasant, aimed at reducing prejudices and improving intergroup relations.

Power Distance

A cultural dimension that reflects the extent to which inequalities and hierarchical differences are accepted and endorsed by individuals and groups within a society.

Social Status

An individual's position or rank within a social hierarchy, which can be determined by factors like wealth, occupation, education, or family lineage.

Inequalities

The existence of disparities or unequal conditions in aspects such as wealth, resources, opportunities, or treatments among different groups or individuals.