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ABC had the follwing information related to 2020 * A Building with a cost of $8,000 and accumulated depreciation of $4000 was sold in 2020 for Purchase a Building costing $23,000 by paying * ABC Co. paid cash dividends during 2020 totaled * ABC Company paid in cash a Bank Loan totaled $9,000 * ABC Co. issued shares receiving cash totaled What is the amount of Net Cash flows from investing activities? Select one: a. 2000 b. -8000 c. All answers are false $10,000 $3,000 $4,000 $6,000 in cash and $13,000 investments in associa

ABC had the follwing information related to 2020 * A Building with a cost of $8,000 and accumulated depreciation of $4000 was sold in 2020 for Purchase a Building costing $23,000 by paying * ABC Co. paid cash dividends during 2020 totaled * ABC Company paid in cash a Bank Loan totaled $9,000 * ABC Co. issued shares receiving cash totaled What is the amount of Net Cash flows from investing activities? Select one: a. 2000 b. -8000 c. All answers are false $10,000 $3,000 $4,000 $6,000 in cash and $13,000 investments in associa

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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ABC had the follwing information related to 2020 A Building with a cost of $8,000 and accumulated depreciation of $4000 was sold in 2020 for * Purchase a Building costing $23,000 by paying $10,000 $3,000 * ABC Co. paid cash dividends during 2020 totaled * ABC Company paid in cash a Bank Loan totaled $4,000 * ABC Co. issued shares receiving cash totaled $9,000 What is the amount of Net Cash flows from investing activities? Select one: a. 2000 b. -8000 c. All answers are false d. 5000 e. -7000 f. -4000 $6,000 in cash and $13,000 investments in associaties
Transcribed Image Text:ABC had the follwing information related to 2020 A Building with a cost of $8,000 and accumulated depreciation of $4000 was sold in 2020 for * Purchase a Building costing $23,000 by paying $10,000 $3,000 * ABC Co. paid cash dividends during 2020 totaled * ABC Company paid in cash a Bank Loan totaled $4,000 * ABC Co. issued shares receiving cash totaled $9,000 What is the amount of Net Cash flows from investing activities? Select one: a. 2000 b. -8000 c. All answers are false d. 5000 e. -7000 f. -4000 $6,000 in cash and $13,000 investments in associaties
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