Answered step by step
Verified Expert Solution
Question
...
1 Approved Answer
Need computation thanks A business made a profit of $ 11,000 in its fiscal year. We have the following information: 1. Dividends paid 25 000$
Need computation thanks
A business made a profit of $ 11,000 in its fiscal year. We have the following information: 1. Dividends paid 25 000$ 2. Depreciation of fixed assets 6500$ 3. Loss incurred during the sale of equipment 500$ 4. Increase in accounts payable 8000$ 5. Purchase of land 110 000$ 6. Increase in accounts receivable 4500$ 7. Decrease in stock 12 500$ 8. Net cash on sale of equipment 5000$ 9. Decrease in interest payable 18 000$ 10. Purchase of a 20-year patent 17 000$ 11. Repayment of long-term debt 35 000$ 12. Share issue 70 000$ Question: What is the amount of cash flow from investing activities
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/07/669009dda6e70_741669009dd4e42e.jpg)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-text-image.webp)
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Step: 3
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started