Business, 09.12.2019 23:31, bellam302

Cornett company reported the following information: cash received from the issuance of common stock, $150,000; cash received from the sale of equipment, $14,800; cash paid to purchase an investment, $20,000; cash paid to retire a note payable, $50,000; and cash collected from sales customers, $225,000. what amount should cornett report on its statement of cash flows as net cash flows provided/used by investing activities? oa. $144,800 ob. -$5,200 oc. $55,200 od. none of these choices are correct. which of the following is an example of a cash inflow from an operating activity? a. sale of property, plant, and equipment b. collection of an account receivable from a credit sale oc. collection of cash relating to a note receivable od. none of these choices are correct. which of the following is not a use of the statement of cash flows? oa. provides insights into the quality and reliability of reported income. ob. provides a measure of the future obligations of the company. oc. estimate the amount of funds that will be needed from creditors or stockholders. od. aids in the prediction of future cash flow

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Cornett company reported the following information: cash received from the issuance of common stock...