23 Equity is affected by cash receipts from receivables ut of Select one: O True uestion O False -n 24 Which formula is correct? d Select one: O a. non of the above out of b. liabilities = assets + equity question C. equity = assets + liabilities d. Net assets = equity on 25 XYZ, Inc. had the following transactions during 2020: ed out of question Exchanged land for a building$ 764,000 Purchased Inventory 160,000 Paid cash salary 380,000 Purchased equipment 212,000 Issued ordinary shares 588,000 What is xyz, Inc.'s net cash from operating activities? Select one: O a. 48,000 cash outflow b. 540,000 cash outflow C. 540,000 cash inflow O d. 48,000 cash inflow