Reference no: EM132532740
Question - Zoum Corporation had the following transactions during 2020:
1. Issued $145,000 of common stock for cash.
2. Paid salaries of $60,000.
3. Acquired land by issuing $30,000 common stock.
4. Declared and paid a $14,000 cash dividend.
5. Sold some equipment for $18,000 cash.
6. Recorded cash sales of $380,000.
7. Bought inventory for $155,000 cash.
8. Purchased some equipment for $45,000 cash.
9. Repaid a 6-year bond in the amount of $215,000.
Q1. What are cash flows from operating activities?
$225,000
$165,000
$255,000
$310,000
Q2. What are cash flows from investing activities?
($57,000)
($27,000)
$202,000
$3,000
Q3. What are cash flows from financing activities?
$131,000
($540,000)
($84,000)
$372,000