A Company Had the Following Cash Flows for the Year

question 144

Multiple Choice

A company had the following cash flows for the year:
(a) Purchased land,$60,000
(b) Borrowed from a local bank,$100,000
(c) Paid employee salaries,$50,000
(d) Issued common stock,$75,000
(e) Paid dividends,$20,000
(f) Sold equipment,$40,000
(g) Sold services to customers,$120,000
What amount would be reported for net investing cash flows on the Statement of Cash Flows?

• A)($20,000).
• B)$70,000.
• C)$155,000.

---

Definitions:

Poor

Individuals or groups who lack financial resources and essentials for a minimum standard of living.

Public Assistance

Government programs designed to provide financial aid, goods, or services to individuals or families in need, often based on income or circumstance.

Employed

refers to individuals who are currently working for pay, either as employees, self-employed, or in their own businesses.

Poverty Rate

The percentage of the population living below the national poverty line, indicating the proportion of individuals with insufficient income to meet basic needs.