Table 17-7
The accounting records of McKal Chocolates Ltd. reveal the following:

-Refer to Table 17-7.Assume that McKal Chocolates Ltd.used the direct-method to prepare their cash flow statement.What would be the net cash flow from investing activities?
A) ($241,900)
B) ($326,900)
C) ($195,000)
D) ($254,600)

Question

Table 17-7
The accounting records of McKal Chocolates Ltd. reveal the following:
 
-Refer to Table 17-7.Assume that McKal Chocolates Ltd.used the direct-method to prepare their cash flow statement.What would be the net cash flow from investing activities?
A) ($241,900) 
B) ($326,900) 
C) ($195,000) 
D) ($254,600)

Quizplus · Accepted Answer

C) Only the purchase of the equipment has an effect on cash.

Table 17-7 The Accounting Records of McKal Chocolates Ltd. Reveal the Following