Friday, August 15, 2008

Net Cash Flow Investing Activities

Use the following accounting records to calculate net cash flow from investing activities

A landscaping company sold equipment for $60,000 cash, purchased a building for $80,000 (by signing a note payable for $50,000, and paying the remainder in cash), sold short-term investments for $20,000 cash, and repaid a different note payable for $25,000 plus $1,500 of interest. The net cash flow from investing activities for the year was:


Answer:
$50,000

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