Northington, Inc. is preparing the company's statement of cash flows for the fiscal year just ended. Using the following information, determine the amount of cash flows from investing activities:
Payment of cash dividends 32,000

Question

Quizplus · Accepted Answer

Payment of cash dividends is a cash outflow from financing activities, not investing activities. There is no information provided regarding investing activities, therefore, the amount of cash flows from investing activities is zero. Therefore, the answer is ($107,700), which is the option closest to zero.