-Refer to the Above Table

question 92

Multiple Choice

$$\begin{array} { | l | r | } \hline \text { Net income } & \$ 7,000 \\\hline \text { Dividends paid to shareholders } & 2,000 \\\hline \text { Cash received from selling land } & \mathbf { 3 , 0 0 0 } \\\hline \text { Cash received from new barik loarn } & 5,000 \\\hline \text { Cash paid for principal on old bark loarn } & 1,000 \\\hline \text { Cash paid to purchase office equipment } & 4,000 \\\hline\end{array}$$
-Refer to the above Table.The company would report a net cash inflow (outflow) from investing activities of:

• A)-$1,000
• B)$2,000
• C)$5,000
• D)$7,000

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Definitions:

Indorsement

The act of signing the back of a financial instrument, thereby transferring ownership or validating the document.

Negotiated

Pertains to the process of discussing and reaching an agreement on the terms of a contract, settlement, or understanding between parties.

Nonnegotiable

Nonnegotiable refers to something that cannot be negotiated or altered, such as a fixed term in a contract or a financial instrument with terms that cannot be changed.

Without Recourse

This refers to a provision in an agreement that exempts the seller from liability or obligation to the buyer in case of some failure on the part of the products or services sold.