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Two years ago, Kathy, Inc. invested $90,000 in bonds from another company. During the current accounting period, Kathy Inc. sold part of those bonds for $45,000, purchased the common stock of another company for $6,000, and received dividends of $3,000 from another stock investment. On the statement of cash flows for this accounting period, Kathy would report a net cash: Multiple Choice O O outflow of $39,000 from investing activities. inflow of $39,000 from investing activities. outflow of $42,000 from financing activities. inflow of $42,000 from investing activities.

Two years ago, Kathy, Inc. invested $90,000 in bonds from another company. During the current accounting period, Kathy Inc. sold part of those bonds for $45,000, purchased the common stock of another company for $6,000, and received dividends of $3,000 from another stock investment. On the statement of cash flows for this accounting period, Kathy would report a net cash: Multiple Choice O O outflow of $39,000 from investing activities. inflow of $39,000 from investing activities. outflow of $42,000 from financing activities. inflow of $42,000 from investing activities.

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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Two years ago, Kathy, Inc. invested $90,000 in bonds from another company. During the current accounting period, Kathy Inc. sold part of those bonds for $45,000, purchased the common stock of another company for $6,000, and received dividends of $3,000 from another stock investment. On the statement of cash flows for this accounting period, Kathy would report a net cash: Multiple Choice outflow of $39,000 from investing activities. inflow of $39,000 from investing activities. outflow of $42,000 from financing activities. inflow of $42,000 from investing activities.
Transcribed Image Text:Two years ago, Kathy, Inc. invested $90,000 in bonds from another company. During the current accounting period, Kathy Inc. sold part of those bonds for $45,000, purchased the common stock of another company for $6,000, and received dividends of $3,000 from another stock investment. On the statement of cash flows for this accounting period, Kathy would report a net cash: Multiple Choice outflow of $39,000 from investing activities. inflow of $39,000 from investing activities. outflow of $42,000 from financing activities. inflow of $42,000 from investing activities.
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