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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 $58,000 2) borrowed
Yi Company began operations on January 1, 2013. During 2013, the company engaged in the following cash transactions: 1) issued stock for $58,000 2) borrowed $34,000 from its bank 3) provided consulting services for $56,000 4) paid back $24,000 of the bank loan 5) paid rent expense for $13,500 6) purchased equipment costing $21,000 7) paid $3,900 dividends to stockholders 8) paid employees' salaries, $30,000 What is Yi's net cash flow from investing activities? Multiple Choice Outflow of $46,900 Outflow of $21,000 Inflow of $37000 Inflow of $58,000
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