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Yi Company began operations on January 1, 2013. During 2013, the company engaged in the following cash transactions: 1) issued stock for $42,000 2) borrowed
Yi Company began operations on January 1, 2013. During 2013, the company engaged in the following cash transactions: 1) issued stock for $42,000 2) borrowed $26,000 from its bank 3) provided consulting services for $40,000 4) paid back $16,000 of the bank loan 5) paid rent expense for $9,500 6) purchased equipment costing $13,000 7) paid $3,100 dividends to stockholders 8) paid employees' salaries, $22,000
What is Yi's net cash flow from investing activities?
Inflow of $29,000
Outflow of $38,100
Outflow of $13,000
Inflow of $42,000
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