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:

Subject Bias Effect

The influence of a participant’s preconceptions or expectations on their behavior in an experiment, potentially skewing results.

Observation Technique

A research method that involves watching participants and recording relevant behavior or characteristics for analysis.

Behavior Being Observed

The act of monitoring actions or responses in a systematic way for the purpose of data collection or analysis.

Clinical Interpretation

The process of understanding and giving meaning to clinical data or findings to inform healthcare decisions.