During the current period, Notaras Company sold some old equipment for $2,000, collected an accounts receivable balance of $2,500 from customers, purchased new equipment for $20,000 and borrowed $3,000 from a bank. What were the company's net cash flows for investing activities? Use a positive number to indicate an overall cash inflow or a negative number to indicate an overall cash outflow.
During the current period, Notaras Company sold some old equipment for $2,000, collected an accounts receivable balance of $2,500 from customers, purchased new equipment for $20,000 and borrowed $3,000 from a bank. What were the company's net cash flows for investing activities? Use a positive number to indicate an overall cash inflow or a negative number to indicate an overall cash outflow.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![During the current period, Notaras Company sold some old equipment for $2,000, collected an
accounts receivable balance of $2,500 from customers, purchased new equipment for $20,000 and
borrowed $3,000 from a bank. What were the company's net cash flows for investing activities? Use a
positive number to indicate an overall cash inflow or a negative number to indicate an overall cash
outflow.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F18d18743-0691-4c02-8821-e1dee8aae4f7%2F924a9d78-4b7a-4f4c-adf9-5bb0c657be3c%2F5uvy9th_processed.jpeg&w=3840&q=75)
Transcribed Image Text:During the current period, Notaras Company sold some old equipment for $2,000, collected an
accounts receivable balance of $2,500 from customers, purchased new equipment for $20,000 and
borrowed $3,000 from a bank. What were the company's net cash flows for investing activities? Use a
positive number to indicate an overall cash inflow or a negative number to indicate an overall cash
outflow.
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