Use the following information for Chambers Corporation to answer the following questions:
Calculate the net cash from investing activities for Chambers Corporation for the year 20x2?

A)$350,000
B)Negative $350,000
C)$185,000
D)Negative $185,000

Question

​Use the following information for Chambers Corporation to answer the following questions: ​ 
Calculate the net cash from investing activities for Chambers Corporation for the year 20x2?
​
A)​$350,000 
B)​Negative $350,000 
C)​$185,000 
D)​Negative $185,000

Quizplus · Accepted Answer

From the information given, we can see that Chambers Corporation's cash outflow from investing activities was $350,000 due to the purchase of equipment. Thus, the net cash from investing activities would be negative $350,000.

​Use the Following Information for Chambers Corporation to Answer the Following

Use the Following Information for Chambers Corporation to Answer the Following