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ABC Company is a manufacturing firm. At the beginning of July, ABC had a total inventory balance of $22,000. During the month of July, ABC
ABC Company is a manufacturing firm. At the beginning of July, ABC had a total inventory balance of $22,000. During the month of July, ABC had the following transactions. Purchased raw materials costing $7,000 Paid office staff salaries of $4,000 Paid production staff salaries of $3,000 Purchased office equipment costing $15,000 Purchased production equipment costing $34,000 Recognized $3,000 depreciation on the office equipment Recognized $5,000 depreciation on the production equipment Sold $10,000 worth of finished goods for $51,000 cash Assume all transactions, except depreciation, are for cash. What is ABC Company's Net Cash Flow from Investing Activities for July? $2,000 ($34,000) ($49,000) $41,000
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