over armoir, inc. purchased a patent totaling $1,000 for cash during the year and equipment for $10,000 cash. assuming these are

Question

skelet666 [1.2K]

9 months ago

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over armoir, inc. purchased a patent totaling $1,000 for cash during the year and equipment for $10,000 cash. assuming these are

the only transactions affecting the investing activities, it will report net cash flows from investing activities of .

Business

1 answer:

marishachu [46] · Answer 1 · 2024-02-10T20:40:43+03:00

The net cash flows from investing activities that Over Armoir will report, will be - $11, 000.

<h3>How to find the cash flows from investing activities ?</h3>

In the statement of cash flows, the cash flows from investing activities will relate to anything that has to do with cash involving the trade of fixed assets, and capital assets belonging to other companies such as stock.

The cash flow from investing activities here would be:

= Purchase of patent + Purchase of equipment

= 1, 000 + 10, 000

= $11, 000

As these were cash outflows, they will denoted as negatives to be - $11, 000.

Find out more on investing activities at brainly.com/question/17185574

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