Question
Chen Corporation had the following cash flows during 20X3. Cash receipt from the issuance of stock......................................................... $60,000 Cash received from customers............................................................................ 20,000 Interest received on
Chen Corporation had the following cash flows during 20X3.
Cash receipt from the issuance of stock......................................................... $60,000
Cash received from customers............................................................................ 20,000
Interest received on long-term investments...................................................... 10,000
Cash paid for wages.............................................................................................. 12,000
Cash paid for insurance.......................................................................................... 1,000
Cash paid for dividends.......................................................................................... 6,000
Cash paid to purchase building........................................................................... 40,000
Cash paid to purchase land................................................................................. 20,000
Given this information, net cash inflow (outflow) from investing activities is:
- negative $86,000
- negative $60,000
- negative $20,000
- negative $80,000
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