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