Question
The Statement of Cash Flows for the current year contained the following: Cash Inflow from customers $10,000 Cash Outflow from purchase of equipment $40,000 Cash
The Statement of Cash Flows for the current year contained the following:
| Cash Inflow from customers | $10,000 |
| Cash Outflow from purchase of equipment | $40,000 |
| Cash Inlow from capital contributed by stakeholders | $30,000 |
| Cash Outflow from payments to suppliers & employees | $5,000 |
| Cash Outflow from payment of dividends to stockholders | $1,000 |
| Cash Inlow from borrowing from the bank | $20,000 |
What was the amount of Cash Flows from Investing Activities?
| a. | Cash Outflow of $1,000 | |
| b. | Cash Outflow of $40,000 | |
| c. | Cash Outflow of $10,000 | |
| d. | Cash Inflow of $10,000 |
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Auditing and Assurance Services An Applied Approach
Authors: Iris Stuart
1st edition
73404004, 978-0073404004
