34. Mignon Company reported the following in its Statement of Cash Flows: Cash Flow from...
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34. Mignon Company reported the following in its Statement of Cash Flows: Cash Flow from Operating Activities: $28,000 Cash Flow from Investing Activities: ? Cash Flow from Financing Activities: $(37,000) Beginning Cash Balance: $12,000 Ending Cash Balance: $29,000 Determine the Cash Flow from Investing Activities (parentheses indicate cash outflow): A. $26,000 B. ($28,000) C. $16,000 D. ($18,000)
The answer is A, why? I want the explanations, thank you
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