Yi Company began operations on January 1, 2013. During 2013, the company engaged in the...
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Yi Company began operations on January 1, 2013. During 2013, the company engaged in the following cash transactions: 1) issued stock for $40,000 2) borrowed $25,000 from its bank 3) provided consulting services for $38,000 4) paid back $15,000 of the bank loan 5) paid rent expense for $9,000 6) purchased equipment costing $12,000 7) paid $3,000 dividends to stockholders 8) paid employees' salaries, $21,000
What is Yi's net cash flow from investing activities?
nflow of $40,000
Inflow of $28,000
Outflow of $37,000
Outflow of $12,000
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