Reference no: EM133048331
Question - Determine the cash inflows from investing and financing activities given the following data:
Proceeds from issuance of preferred shares $80,000
Proceeds from sale of equipment 89,000
Proceeds from issuance of bonds payable 300,000
Proceeds from sale of investments 43,000
Gain on the sale of a temporary investment
Answers given:
A) investing $148,000; financing $391,000
B) investing $143,000; financing $380,000
C) Investing $135,000; financing $391,000
D) investing $132,000; financing $380,000
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