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Question 26 (3 points) Groovy Goods has beginning inventory for the year of $28,000. During the year, Groovy purchases inventory for $230,000 and has cost
Question 26 (3 points) Groovy Goods has beginning inventory for the year of $28,000. During the year, Groovy purchases inventory for $230,000 and has cost of goods sold equal to $233,000. Groovy's ending inventory equals: a) $69,000 Ob) $97,000 O c) $125,000 d) $121,000 e) $128,000. Question 27 (3 points) A company had the following cash flows for the year. (a) Purchased inventory, $60,000 (6) Sold goods to customers, $90,000 (c) Received loan from a local bank, $150,000 (d) Purchased land, $180,000 e Purchased treasury stock, $40,000 (1) Paid dividends, $10,000 Sold delivery truck, $30,000 What amount would be reported for net investing cash flows in the statement of cash flows
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