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Two years ago, your company bought $46,500 in bonds from another company. This month, it sold half of those bonds for $21,840 and lent $1,600 to an employee with a promissory note. On the statement of cash flows for this accounting period, your company would report a net cash:
outflow of $20,240 from investing activities.
inflow of $20,240 from investing activities.
inflow of $21,840 from investing activities.
outflow of $21,840 from investing activities.
outflow of $20,240 from investing activities.
inflow of $20,240 from investing activities.
inflow of $21,840 from investing activities.
outflow of $21,840 from investing activities.
Accounting Help Please!?
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