During the year,Next Tec Corp.had the following cash flows: receipt from customers,$10,000;receipt from the bank for long-term borrowing,$6,000;payment to suppliers,$5,000;payment of dividends,$1,000,payment to workers,$2,000;and payment for machinery,$8,000.What amount would be reported for investing net cash flows on the Statement of Cash Flows?
A)$5,000.
B)$2,000.
C)$6,000.
D)($8,000).

Question

Quizplus · Accepted Answer

Investing net cash flows include the payment for machinery, which is a cash outflow of $8,000. Therefore, the investing net cash flows would be reported as ($8,000) on the Statement of Cash Flows.

During the Year,Next Tec Corp