Question
Chen Corporation had the following cash flows during 20X3. Cash receipt from the issuance of stock......................................................... $40,000 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......................................................... $40,000
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........................................................................... 15,000
Cash paid to purchase land................................................................................... 5,000
Given this information, net cash inflow (outflow) from investing activities is:
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