In preparing its cash flow statement for the year ended December 31, 2013, Red Co. gathered the following data: In its December 31, 2013, statement of cash flows, what amount should Red report as net cash outflows from investing activities?
A)$340,000.
B)$352,000.
C)$376,000.
D)$388,000.

Question

In preparing its cash flow statement for the year ended December 31, 2013, Red Co. gathered the following data:  In its December 31, 2013, statement of cash flows, what amount should Red report as net cash outflows from investing activities?
A)$340,000. 
B)$352,000. 
C)$376,000. 
D)$388,000.

Quizplus · Accepted Answer

The Answer of In preparing its cash flow statement for the year ended December 31, 2013, Red Co. gathered the following data:  In its December 31, 2013, statement of cash flows, what amount should Red report as net cash outflows from investing activities?
A)$340,000. 
B)$352,000. 
C)$376,000. 
D)$388,000.

In Preparing Its Cash Flow Statement for the Year Ended