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A summary of the entries in the Cash account of Staple Ltd for the month of January was as follows:   $ Cash from accounts receivable 40 000 Cash sales 25 000 Dividends received 10 000 Cash from issue of shares 60 000 Payments to accounts payable 30 000 Payments for wages 15 000 Purchase of land 20 000 Payment of dividends 20 000 Purchase of plant 45 000 Payment of taxes 25 000 Payment of interest 10 000 What was the cash flow from investing activities of Staple Ltd?   a. ($5,000) b. ($45,000) c. ($65,000) d. $50,000

A summary of the entries in the Cash account of Staple Ltd for the month of January was as follows:   $ Cash from accounts receivable 40 000 Cash sales 25 000 Dividends received 10 000 Cash from issue of shares 60 000 Payments to accounts payable 30 000 Payments for wages 15 000 Purchase of land 20 000 Payment of dividends 20 000 Purchase of plant 45 000 Payment of taxes 25 000 Payment of interest 10 000 What was the cash flow from investing activities of Staple Ltd?   a. ($5,000) b. ($45,000) c. ($65,000) d. $50,000

Financial Accounting: The Impact on Decision Makers
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter7: Receivables And Investments
Section: Chapter Questions
Problem 7.17E
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A summary of the entries in the Cash account of Staple Ltd for the month of January was as follows:

 

$

Cash from accounts receivable

40 000

Cash sales

25 000

Dividends received

10 000

Cash from issue of shares

60 000

Payments to accounts payable

30 000

Payments for wages

15 000

Purchase of land

20 000

Payment of dividends

20 000

Purchase of plant

45 000

Payment of taxes

25 000

Payment of interest

10 000

What was the cash flow from investing activities of Staple Ltd?


 

a.

($5,000)

b.

($45,000)

c.

($65,000)

d.

$50,000

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