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.

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter11: The Statement Of Cash Flows

Section: Chapter Questions

Problem 32BE

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