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FinnZ [79.3K]
3 years ago
13

Below are cash transactions for Goldman Incorporated, which provides consulting services related to mining of precious metals.

Business
1 answer:
gregori [183]3 years ago
6 0

Answer: -$70,500

Explanation:

Cashflows from investing activities are those that are related to the acquisition or sale of fixed assets as well as transactions involving securities owned by other companies.

Cashflows from Investing Activities are:

Cash used for purchase of mining equipment                                      -83,000

Cash provided from sale of equipment purchased in c. above           +23,500

Purchase of company vehicle                                                                 -11,000

Net Cashflow from Investing activities                                                -$70,500

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