Answered step by step
Verified Expert Solution
Question
1 Approved Answer
BehrenIncorporated had the following transactions: Issued stock for $15,000 cash Paid $2,000 in cash for dividends. Purchased a building for $35,000. Received cash revenues from
- BehrenIncorporated had the following transactions:
- Issued stock for $15,000 cash
- Paid $2,000 in cash for dividends.
- Purchased a building for $35,000.
- Received cash revenues from customers for $50,000.
- Paidoperating expenses of $38,000.
- Assuming that these are the only transactions, what is the amount of the net cash flows frominvestingactivities onBehren'scash flow statement?
- a.($35,000)
- b.$12,000
- c.$35,000
- d.$15,000
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started