Use the information given below to answer the following questions:
During the year, Penso Ltd received $50 000 from its customers, $5000 for the sale of a motor vehicle and $20,000 for the issue of shares. It paid $27,000 to suppliers and employees, $3000 for income tax and $50,000 for new machinery. In addition, it paid out $12 000 to redeem bonds. Its cash balance at the commencement of the year was $22,000.
-What were the cash flows from investing activities?
A) $8000
B) $45 000
C) ($45 000)
D) ($48,000) .
Correct Answer:
Verified
Q1: Which of the following,if repeated for several
Q1: What effect does increasing depreciation expense have
Q2: Which of the following is classified as
Q4: Which of the following is a financing
Q5: Which of the following is NOT classified
Q6: Which of the following is NOT a
Q7: Which of the following is NOT classified
Q8: Use the information below to answer
Q9: Which of the following transactions does NOT
Q10: Which of the following is NOT classified
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents