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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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