Mimi's Pies had the following results for December 31, 2011 and 2012, respectively: What was the amount of cash flows from investing activities for 2012?

Question

Mimi's Pies had the following results for December 31, 2011 and 2012, respectively:  What was the amount of cash flows from investing activities for 2012?

Quizplus · Accepted Answer

Based on the information given, the only investing activity listed is the purchase of property, plant, and equipment for $290,000, which would result in a cash outflow. Therefore, the correct answer is B, cash outflow of $290,000.

Mimi's Pies Had the Following Results for December 31, 2011