The Statement of Cash Flows for the current year contained the following: Cash received from customers$10,000 Cash used for purchase of equipment 40,000 Cash received for stock issuance 30,000 Cash used for payments to suppliers & employees 5,000 Cash dividends paid to stockholders 1,000 Cash borrowed from bank 20,000 The change in cash for the current year was an increase of $14,000.What was the amount of cash flows from (used in) investing activities?
A. ($40,000)
B. $10,000
C. ($1,000)
D. ($10,000)
Answer: A
Business
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