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28 Sep 2019
Gee Companyâs accounting records and financial statementsreported the following: Cash paid to acquire machinery $70,000 Proceeds from sale of land 80,000 Loss from the sale of land 5,000 Cash paid to acquire a trademark 38,000 Treasury stock purchased for cash 50,000 Dividend revenue received 20,000 Gee prepares its financial statements in accordance with IFRS.In its statement of cash flows, Gee most likely reports net cashoutflows from investing activities of: $ 8,000. $11,000. $28,000. $33,000. ReferenceseBook & Resources Multiple ChoiceDifficulty: 2 MediumLearning Objective: 21-07Identify transactions that represent noncash investing andfinancing activities. Check my work
Gee Companyâs accounting records and financial statementsreported the following:
Cash paid to acquire machinery $70,000
Proceeds from sale of land 80,000
Loss from the sale of land 5,000
Cash paid to acquire a trademark 38,000
Treasury stock purchased for cash 50,000
Dividend revenue received 20,000
Gee prepares its financial statements in accordance with IFRS.In its statement of cash flows, Gee most likely reports net cashoutflows from investing activities of:
$ 8,000.
$11,000.
$28,000.
$33,000.
ReferenceseBook & Resources
Multiple ChoiceDifficulty: 2 MediumLearning Objective: 21-07Identify transactions that represent noncash investing andfinancing activities.
Check my work
Irving HeathcoteLv2
28 Sep 2019