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Flow Company has provided the following information for the year ended December 31, 2016. Cash paid for interest, $20,000 Cash paid for dividends, $6,000 Cash
Flow Company has provided the following information for the year ended December 31, 2016. Cash paid for interest, $20,000 Cash paid for dividends, $6,000 Cash dividends received, $4,000 Cash proceeds from bank loan, $29,000 Cash purchase of treasury stock, $11,000 Cash paid for equipment purchase $27,000 Cash received from issuance of common stock $37,000 Cash received from sale of land with $32,000 book value $25,000 Acquisition of land costing $51,000 exchange for preferred stock issuance Payment of a $100,000 note payable by exchanging used machinery with a $77,000 book value and $100,000 fair value Payment of a $100,000 note payable by exchanging used machinery with a $77,000 book value and $100,000 fair value How much was Flow's net cash flow from investing activities? A net inflow of $2,000 A net outflow of $53,000 A net outflow of $2,000 A net inflow of $49,000
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