The cash flow statement of the United Company is in process for 2019. The United Company is reporting the following balances: 12/31/18 12/31/19 Equipment $ 100,000 $ 170,000 Loss on sale of equipment 0 10,000 Accumulated depreciation-equipment 75,000 95,000
During 2019, United sold equipment costing $30,000 for $12,000 and made several purchases of new equipment for cash.
If these were the only investing activities, the cash flow from investing activities is a net cash:
Multiple Choice
a. outflow of $12,000.
b. inflow of $12,000.
c. outflow of $88,000.
d. inflow of $88,000.
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