Alpha Company acquires 90% of Zeta Company in exchange for a cash payment to former owners of Zeta. Included in the assets received by Alpha is Zeta's Company's cash balance. The current year consolidated statement of cash flows would report Multiple choice question. The net cash paid for the acquisition (cash paid less 90% cash received) as an investing activity. 100% of the cash received in the acquisition is a cash inflow from financing activities. 90% of the cash received in the acquisition is a cash inflow from financing activities. The net cash paid for the acquisition (cash paid less cash received) as an investing activity.