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California Company Reports the Following Information Depreciation Expense for the Year Ending December 31,2015 Is $17

Question 109

Multiple Choice

California Company reports the following information:
12/31/1412/31/15 Fixed Assets $330$581 Less: Accumulated Depreciation (110) (127)  Net Fixed Assets $220$454\begin{array}{lll}&12/31/14&12/31/15\\\text { Fixed Assets } & \$ 330 & \$ 581 \\\text { Less: Accumulated Depreciation } &{(110) } &(127) \\\text { Net Fixed Assets } &{\$ 220}&{\$ 454} \\\end{array}
Depreciation expense for the year ending December 31,2015 is $17.No fixed assets were sold during 2015.What is the net cash flow from investing activities for the year ending December 31,2015?


A) $17 cash inflow
B) $251 cash inflow
C) $251 cash outflow
D) $268 cash outflow

Correct Answer:

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