Changes in the balance sheet accounts at June X and X for the Poker Company are presented below:
Increase
Decrease
Assets
Cash $
Accounts receivable
Inventory
Longterm investments
Equipment
Accumulated depreciation
Liabilities and Stockholders Equity
Accounts payable $
Dividends payable
Notes payableCurrent
Notes payableLongterm
Common stock, $ par
Additional paidin capital
Retained earnings
Additional Information for X:
Net income was $ and dividends of $ were declared.
Common stock was issued for cash.
A new longterm investment was acquired for $
A longterm investment was sold for $
Equipment that cost $ was sold for $ The book value of those assets was $
The cash flow from investing activities for X is a:
Multiple Choice
$ outflow.
$ inflow.
$ outflow.
$ inflow.
