Consider the following transactions:
Cash purchase of second hand delivery van $40,000
Cash sale of an investment $12,000
Paid cash dividends $120,000
Retired bonds prior to maturity $450,000
Sold used equipment for cash $13,000
A) $27,000 inflow
B) $330,000 outflow
C) $15,000 outflow
D) $585,000 outflow
Cash purchase of second hand delivery van $40,000
Cash sale of an investment $12,000
Paid cash dividends $120,000
Retired bonds prior to maturity $450,000
Sold used equipment for cash $13,000
What was the net cash flow from investing activities?
A) $27,000 inflow
B) $330,000 outflow
C) $15,000 outflow
D) $585,000 outflow
Answer: C
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.