From the Information Below,the Total Net Cash Flow from Investing

question 58

Multiple Choice

From the information below,the total net cash flow from investing activities is:
Borrowed $15 000 cash
Sold motor vehicle $1400
Paid Income tax $20 000
Paid Dividends $8500
Received cash from customers $18 000
Cash purchase of furniture $2700
Depreciation on furniture $270

• A) an inflow of $1400.
• B) an outflow of $2700.
• C) an inflow of $6500.
• D) an outflow of $1300.

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Definitions:

Ending Work in Process

The value of goods that are in the production process but not yet complete at the end of an accounting period.

Transferred Out

Transferred Out is a term often used in accounting and inventory control to denote goods or assets moved from one department, location, or account to another.

Equivalent Units

A concept in cost accounting used to allocate costs to partially completed goods, computed by taking the number of partially completed units and converting them into a number of fully completed units.

Total Materials Costs

The total expense incurred by a company for the materials that are used in the production process of its goods or services.