No te that the next set of questions (23 to 32) relate the ongoing business activities of Zoogle Corporation - a newly formed company that provides dog-walking and pet-sitting services for families in the city. 23. Zoogle Corporation is founded on January 1,2017, with investors contributing $30,000 to the corporation in exchange for shares of its stock. Near the end of January, Zoogle buys 500 shares of another company's stock for $10,000 cash. Zoogle intends to own the company stock for many years. Which of the following describes how the cash inflows (outflows) from these two transactions would be reported in the following sections of Zoogle Corporation's statement of cash flows? Financing ($10,000) +$30,000 ($10,000) +$30,000 Not affected A) Not affected B) Not affected +$30,000 Not affected C) Not affected D) ($10,000) ($10,000) +$30,000 24. Zoogle Corporation is a privately owned company incorporated in Canada. Which of the following accurately indicates the accounting policies applicable to Zoogle? A) Zoogle must follow Accounting Standards for Private Enterprises. Zoogle must follow International Financial Reporting Standards. Zoogle may choose to follow cither Accounting Standards for Private Enterprises or B) C) International Financial Reporting Standards. D) Zoogle must follow U.S. GAAP 25. On January 1, 2017, Zoogle Corporation paid $3,000 cash to rent office space for the period from January 1 to June 30, 2017. On January 1, 2017, Zoogle also paid $1,300 cash for office equipment, which is estimated to have a 5-year useful life and a residual value of $100, and will be depreciated using the straight-line method. The company als purchased on account supplies costing $500, which were received on January 7. As of January 31, 2017, the company had ordered $1,500 of computer equipment that had no yet been received or paid for, and had used up $40 of supplies. Assuming that the appropriate adjusting journal entries are made on January 31 for the preceding events what amount would Zoogle Corporation report for total assets at January 31, 2017? Include in your calculations the cash transactions in question 26.) A) $29,520 B) $29,720. C) $29,940. D) $32,940