Midday Ltd

Multiple Choice

Midday Ltd. received cash of $4,000 from a sale to Sirius Ltd., $50,000 from a sale of a used machine to Foolish Inc., and $70,000 dividends on shares it owns in of Gong Ltd. How would these items appear on the cash flow statement?

A) Operating activities $4,000; investing activities $50,000; financing activities $70,000.
B) Operating activities $70,000; investing activities $4,000; financing activities $50,000.
C) Operating activities $50,000; investing activities $70,000; financing activities $4,000.
D) Operating activities $(4,000) ; investing activities $(50,000) ; financing activities $(70,000) .
E) Operating activities $(70,000) ; investing activities $(4,000) ; financing activities $(50,000) .