Question
Jordan began operations on January 1. During the year the following cash transactions occurred: 1) Issued stock for $35,000 2) Borrowed $15,000 from the local
Jordan began operations on January 1. During the year the following cash transactions occurred:
1) Issued stock for $35,000
2) Borrowed $15,000 from the local bank
3) Sold services on account for $32,000
4) Collected 28,000 of the amounts it was owed
5) Paid $10,000 back to the bank
6) Incurred $25,000 of operating expenses on account (to be paid next month)
7) Paid cash to purchase computer equipment costing $1,500
8) Paid $21,000 on its accounts payable
9) Paid its investors $1,000 in dividends
What is the cash flow from Investing Activities?
A.
Ouflow of $1,000
B.
Outflow of $10,000
C.
Outflow of $1,500
D.
Inflow of $50000
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