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Two Years Ago,your Company Bought $40,000 in Bonds from Another

Question 48

Multiple Choice

Two years ago,your company bought $40,000 in bonds from another company.This month,it sold half of those bonds for $20,640 and purchased the common stock of another company for $1,000.On the statement of cash flows for this accounting period,your company would report a net cash:


A) outflow of $19,640 from investing activities.
B) inflow of $19,640 from investing activities.
C) inflow of $20,640 from investing activities.
D) outflow of $20,640 from investing activities.

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