Selected information from the 2018 accounting records of Dunn\'s Auto Dealers is

Question

Selected information from the 2018 accounting records of Dunn's Auto Dealers is as follows: Cost of furniture purchased for cash Proceeds from bank loan Repayment of bank loan (includes interest of $4,000) Proceeds from sale of equipment Cash collected from customers Purchase of stock of another corporation as an investment Common stock issued for cash $ 8,000 100,000 44,000 5,000 320,000 20,000 200,000 In its 2018 statement of cash flows, Dunn's should report net cash outflows from investing activities of

Explanation / Answer

Dunn's should report net cash out?ows from investing activities of:

= Proceeds from sale of equipment - Cost of furniture purchased for cash - Purchase of stock of another corporation as an investment

= $5,000 - $8,000 - $20,000

= $23,000

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