Team Shirts, Inc. bought a screen-printing machine for $50,000, received $15,000 for the sale of its machine, and repaid a loan of $20,000. The amount of net cash from (or used for) INVESTING activities is ________.
A) $(35,000)
B) $15,000
C) $(5,000)
D) $20,000
Correct Answer:
Verified
Q148: Team Shirts,Inc.collected $16,000 from accounts receivable,paid $10,000
Q149: Team Shirts,Inc.issued 100 shares of stock for
Q150: Cash paid for interest payments is characterized
Q151: Team Shirts,Inc.had net cash from operating activities
Q152: Cash collected from accounts receivables is characterized
Q154: Team Shirts,Inc.bought a computer system for $100,000
Q155: Team Shirts,Inc.had net cash from operating activities
Q156: A use of cash for financing activities
Q157: Team Shirts,Inc.collected $20,000 from customers,recorded depreciation expense
Q158: Which of the following events is not
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