Based solely on the above information, Kenny's net cash flow from investing activities for 2010 is:
A) $215,000 net cash used by investing activities.
B) $165,000 net cash provided by investing activities.
C) $265,000 net cash used by investing activities.
D) $290,000 net cash provided by investing activities.

Question

Quizplus · Accepted Answer

To calculate net cash flow from investing activities, we need to subtract cash used for investing activities from cash received from investing activities. In 2010, Kenny received $80,000 from sales of equipment and investments, but he also spent $345,000 on purchasing new equipment and investments. Therefore, net cash used by investing activities is $345,000 - $80,000 = $265,000.

Based Solely on the Above Information, Kenny's Net Cash Flow