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The following transactions apply to X Company:

Sold merchandise for cash		$2,119
Paid wages		3,377
Purchased new equipment for cash		8,948
Paid dividends		1,423
Bought supplies on account		4,310
Paid operating expenses		5,646
Issued stock to investors for cash		1,631
Repaid a bank loan		4,924
Disposed of old equipment for cash		6,456
Loaned money to another company		3,599
Recorded depreciation during the year		1,203

What is the net effect of these transactions in the Investing Section of the Statement of Cash Flows (assume that a positive number means a net inflow and a negative number means a net outflow)?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9956834

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