Two years ago, Bethel, Inc. bought $47,500 in bonds from another company. This month, it sold half of those bonds for $22,040 and purchased the common stock of another company for $1,700. On the statement of cash flows for this accounting period, Bethel would report a net cash:
Multiple Choice
a. inflow of $22,040 from investing activities.
b. outflow of $20,340 from investing activities.
c. outflow of $22,040 from investing activities.
d. inflow of $20,340 from investing activities.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Two years ago, Bethel, Inc. bought $47,500 in bonds from another company. This month, it sold half of those bonds for $22,040 and purchased ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
The following information came from the income statement of the Wilkens Company at December 31, 2017: sales revenue $1,800,000; beginning inventory $160,000; ending inventory $240,000; and gross profit $600,000.
Answers (1)
Harrison Co. issued 16-year bonds one year ago at a coupon rate of 6.7 percent. The bonds make semiannual payments. If the YTM on these bonds is 5.3 percent, what is the current dollar price assuming a $1,000 par value?
Answers (1)
Selected information from Rockway, Inc.'s U. S. GAAP financial statements for the year ended December 31, included the following (in $) : 2004 2005 Sales 17,000,000 21,000,000 Cost of Goods Sold 11,000,000 15,000,000 Interest Paid 800,000 1,000,000
Answers (1)
If interest rates go up for a given product, quantity demanded will
Answers (1)
Under the Commerce Clause, Congress regulates mainly interstate Commerce.
Answers (1)
New Questions in Business
Who should you' alert that you are interviewing for jobs? A. Your references B. Other possible employers C. Your classmates D. Your present employer
Answers (1)
Common allocation bases are a. direct labor dollars, direct labor hours, and machine dollars b. machine dollars, direct labor dollars, and direct labor hours c. direct labor dollars, direct labor hours, and machine hours d.
Answers (1)
George and Weezy received $30,200 of Social Security benefits this year ($12,000 for George; $18,200 for Weezy). They also received $5,000 of interest from jointly owned City of Ranburne Bonds and dividend income.
Answers (1)
Which of the following is true regarding the high-tech industry today? a. It generally depends on a pool of low-skilled labor. b. It has led to the increased economic development of previously rural areas. c.
Answers (1)
Presented below are three receivables transactions. Indicate whether these receivables are reported as accounts receivable, notes receivable, or other receivables on a balance sheet. -Sold merchandise on account for $64,000 to a customer.
Answers (1)