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What were the cash flows from operating activities

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Reference no: EM132739174

Questions -

Question 1 - Which of the following is NOT a financing cash flow?

a. Dividends received

b. Borrowing $10 000 from the bank

c. Issue of shares

d. Share buybacks

Question 2 - During the year, Penso Ltd received $50,000 from its customers, $5,000 for the sale of a motor vehicle and $20,000 for the issue of shares. It paid $27,000 to suppliers and employees, $3,000 for income tax and $50,000 for new machinery. Its cash balance at the commencement of the year was $30,000. What were the cash flows from operating activities?

a. $23,000

b. $20,000

c. None of these options

d. $25,000

Reference no: EM132739174

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