Question
Quality Products engaged in the following cash transactions during May: Purchase of inventory $8,000 Cash proceeds from loan $7,000 Cash paid for interest $400 Cash
Quality Products engaged in the following cash transactions during May: Purchase of inventory $8,000 Cash proceeds from loan $7,000 Cash paid for interest $400 Cash collected from sales $26,500 New stock issued $25,000 Salaries paid to employees $4,600 Purchase of new delivery van $20,000 Cash collected from sale of land $5,000 Issuance of bonds at face value $50,000 Cash paid for dividends $4,000 How much is net cash from investing activities? (Note: answers in parentheses indicate net cash outflows.)
Group of answer choices
($20,000)
($25,000)
$25,000
($15,000)
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