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Xanthe Corporation had the following transactions occur in the current year: 1. Cash sale of merchandise inventory. 2. Sale of delivery truck at book value.

Xanthe Corporation had the following transactions occur in the current year:

1. Cash sale of merchandise inventory.

2. Sale of delivery truck at book value.

3. Sale of Xanthe common stock for cash.

4. Issuance of a note payable to a bank for cash.

5. Sale of a security held as an available-for-sale investment.

6. Collection of loan receivable.

How many of the above items will appear as a cash inflow from investing activities on a statement of cash flows for the current year?

a.

Five items

b.

Two items

c.

Four items

d.

Three items

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