For the year ended December 31, 2013, Flynn Company made cash payments of $52,000 for dividends, paid interest of $20,800, paid $30,000 cash to suppliers, and purchased equipment for $68,000 cash. The amount of cash used by investing activities for 2013 is:

Question

Quizplus · Accepted Answer

The $68,000 paid to purchase equipment is reported as a cash outflow for investing activities. Dividends are reported in financing activities. Cash paid for interest and paid to suppliers are reported as operating activities.

For the Year Ended December 31, 2013, Flynn Company Made