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Geller Florist Inc. had the following transactions during 2015: Purchased a $200,000 warehouse with $50,000 cash and a $150,000 mortgage from a bank. Raised $100,000
Geller Florist Inc. had the following transactions during 2015: Purchased a $200,000 warehouse with $50,000 cash and a $150,000 mortgage from a bank. Raised $100,000 from selling new shares of stock to investors. The cash was used to buy land to grow tulips. Sold an old building for $50,000 (and suffered a loss on sale of $5,000) and used the cash to buy a new truck. What is the net impact of these transactions on Geller's Cash from Investing Activities during 2015? $(150,000) $(145,000) $(300,000) $(50,000) $(295,000)
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