Based on the following data, what would the total of cash from investing activities be? Owner contributed $6,000 cash Dividends paid $500 Cash from customers $3,000 Computer bought in cash $1,000 Depreciation on computer $30 Suppliers paid in cash $1,000

Select one:

a. $6500

b. $6490

c. $2050

d. $1000

Cash paid for tax is classified as which activity in the statement of cash flows?

Select one:

a. Financing

b. Investing

c. Operating

d. Financing or investing

A possible explanation for a company reporting a high profit in the income statement, but a negative cash inflow of funds from operations is:

Select one:

a. a high level of credit sales

b. a low level of credit sales

c. Buying stock on credit

d. A high level of cash sales