Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. two years ago, your company bought $45,000 in bond

Two years ago, your company bought $45,000 in bonds from another company. This month, it...

70.2K

Verified Solution

Question

Accounting

Two years ago, your company bought $45,000 in bonds from another company. This month, it sold half of those bonds for $21,540 and purchased the common stock of another company for $1,450. On the statement of cash flows for this accounting period, your company would report a net cash:

inflow of $21,540 from investing activities.

inflow of $20,090 from investing activities.

outflow of $20,090 from investing activities.

outflow of $21,540 from investing activities.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Please make sure you solve both correctly. 1) Solve the given system of differential equations by systematic...

Advance Math
Q

A stock analyst wondered whether the mean rate of return of​ financial, energy, and utility stocks...

Statistics
Q

1. Z-2-chlorocyclopentanol and E-2-chlorocyclopentanol each react with NaOH to eliminate HCl but they give different final products...

Chemistry
Q

1. Explain the difference between a General Support System, Major Application, and a Minor Application and...

Programming
Q

2 (a) Write the expression for Fick’s first law of diffusion and explain the terms in the...

Mechanical Engineering
Q

A resistor of certain resistance R is able to produce 440 J of thermal energy...

Physics
Q

A cardboard strip is folded in shape such that the parallel sections are U rectangles...

Physics
Q

Suppose that f x 3x 1 and g x 2x 9 a Solve f x...

Calculus
Q

What are some common red flags in financial statement analysis

Accounting
Q

ABC, Inc. must write down its inventory by $15,000 to the net realizable value of...

Accounting
Q

Compute the margin of safety (total sales breakeven sales) using the following data: selling...

Accounting
Q

A company (the investor) purchased $24,000 of 8%, 5-year bonds from the investee on January...

Accounting