The Statement of Cash Flows for the current year contained the following: The change in cash for the current year was an increase of $14,000.
What was the amount of cash flows from (used in)investing activities?
A)($1,000)
B)($40,000)
C)($10,000)
D)$10,000

Question

The Statement of Cash Flows for the current year contained the following:  The change in cash for the current year was an increase of $14,000.
What was the amount of cash flows from (used in)investing activities?
A)($1,000) 
B)($40,000) 
C)($10,000) 
D)$10,000

Quizplus · Accepted Answer

Cash flows from (used in)investing activities = Cash used to purchase equipment
= ($40,000)

The Statement of Cash Flows for the Current Year Contained