Selected information from the 2018 accounting records of Dun

Selected information from the 2018 accounting records of Dunn\'s Auto Dealers is as follows: Cost of furniture purchased for cash Proceeds from bank loan Repayment of bank loan (includes interest of $4,000) Proceeds from sale of equipment Cash collected from customers Purchase of stock of another corporation as an investment Common stock issued for cash $ 8,000 100,000 44,000 5,000 320,000 20,000 200,000 In its 2018 statement of cash flows, Dunn\'s should report net cash outflows from investing activities of

Solution

Dunn\'s should report net cash out?ows from investing activities of:

= Proceeds from sale of equipment - Cost of furniture purchased for cash - Purchase of stock of another corporation as an investment

= $5,000 - $8,000 - $20,000

= $23,000