Two years ago,Bethel,Inc.bought $80,000 in bonds from another company.This month,it sold half of those bonds for $41,280 and purchased the common stock of another company for $2,000.On the statement of cash flows for this accounting period,Bethel would report a net cash:

Question

Quizplus · Accepted Answer

Net cash inflow from investing activities during current period = Proceeds from sale of bonds − Cash paid to purchase common stock = $41,280 −$2,000 = $39,280

Two Years Ago,Bethel,Inc