Flow Company Has Provided the Following Information for the Year

question 3

Multiple Choice

Flow Company has provided the following information for the year ended December 31, 2016: • Cash paid for interest, $20,000
• Cash paid for dividends, $6,000
• Cash dividends received, $4,000
• Cash proceeds from bank loan, $29,000
• Cash purchase of treasury stock, $11,000
• Cash paid for equipment purchase, $27,000
• Cash received from issuance of common stock, $37,000
• Cash received from sale of land with a $32,000 book value, $25,000
• Acquisition of land costing $51,000 in exchange for preferred stock issuance
• Payment of a $100,000 note payable by exchanging used machinery with a $77,000 book value and $100,000 fair value
How much was Flow's net cash flow from investing activities?

• A)A net outflow of $2,000.
• B)A net inflow of $2,000.
• C)A net outflow of $53,000.
• D)A net inflow of $49,000.

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Definitions:

Rational-Emotive Therapy

A cognitive-behavioral therapy developed by Albert Ellis that helps clients identify and change the irrational assumptions and thinking that help cause their psychological disorder.

Rational-Emotive Therapy

A form of cognitive-behavioral therapy that identifies and challenges irrational beliefs, promoting emotional well-being and problem-solving.

Faulty Assumptions

Incorrect beliefs or misconceptions that individuals hold, often leading to negative outcomes or behaviors based on those beliefs.

Metacognitive Theory

A theory suggesting that people with generalized anxiety disorder implicitly hold both positive and negative beliefs about worrying.