Use the following information to answer Questions 4 and 5. Pyongyang Company had the following...

90.2K

Verified Solution

Question

Accounting

image
Use the following information to answer Questions 4 and 5. Pyongyang Company had the following transactions for the year ended December 31, 20x0. PYONGYANG COMPANY TRANSACTIONS OCCURRING FOR YEAR ENDING DECEMBER 31, 20x0 Purchased land for $500,000 cash borrowed from a bank. Sold investments (long term) for $250,000. Paid dividends of S350,000. Sold 500 shares of its common stock for $200,000. Purchased machinery for $135,000 cash. Paid $450,000 on a long term note payable. Increased accounts payable by $150,000 What were Pyongyang's net cash inflows (outflows) from investing activities for 20X0? (a) S885,000. (b) S(385,000). (c) $(615,000). (d) $385,000. 4. 5. What were Pyongyang's net cash inflows (outflows) from financing activities for 20X0? (a) S(600,000). (b) S 300,000. (c) $(100,000). (d) S 50,000

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students