A summary of the entries in the Cash ledger account of Staple Ltd for the month of January was as follows:
-What was the cash flow from investing activities of Staple Ltd?
A) ($5000)
B) ($45 000)
C) ($65 000)
D) ($55 000)

Question

A summary of the entries in the Cash ledger account of Staple Ltd for the month of January was as follows:  
-What was the cash flow from investing activities of Staple Ltd?
A) ($5000) 
B) ($45 000) 
C) ($65 000) 
D) ($55 000)

Quizplus · Accepted Answer

The cash flow from investing activities can be determined by looking for any transactions related to the purchase or sale of long-term assets. In this summary, we can see that Staple Ltd purchased land for $65,000. This means that they had a cash outflow of $65,000 related to their investing activities. Therefore, the answer is (C) ($65,000).

A Summary of the Entries in the Cash Ledger Account