Consider the following:
Activity - Amount
Purchased production equipment - $150,000
Sold common stock, at par - $250,000
Sold office equipment at book value - $12,000
Sold merchandise on accounts receivable - $560,000
Paid cash dividends - $45,000
A) ($138,000)
B) ($12,000)
C) ($183,000)
D) $103,000
Activity - Amount
Purchased production equipment - $150,000
Sold common stock, at par - $250,000
Sold office equipment at book value - $12,000
Sold merchandise on accounts receivable - $560,000
Paid cash dividends - $45,000
What was the net cash inflow (outflow) from investing activities?
A) ($138,000)
B) ($12,000)
C) ($183,000)
D) $103,000
Answer: A
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