the following summary transactions occurred during 2024 for dinos design\ncash received from:\ncollections…

the following summary transactions occurred during 2024 for dinos design\ncash received from:\ncollections from customers $538,000\ninterest on notes receivable 5,500\ncollection of notes receivable 58,000\nsale of investments 38,000\nissuance of notes payable 195,000\ncash paid for:\npurchase of inventory 255,000\ninterest on notes payable 9,500\npurchase of equipment 97,000\nsalaries to employees 182,000\npayment of notes payable 44,000\ndividends to shareholders 39,000\nrequired:\ncalculate net cash flows from investing activities.\nnote: amounts to be deducted should be indicated with a minus sign.\n\ndinos design\nstatement of cash flows\nfor the year ended december 31, 2024\ncash flows from investing activities:\n\nnet cash flows from investing activities $0

the following summary transactions occurred during 2024 for dinos design\ncash received from:\ncollections from customers $538,000\ninterest on notes receivable 5,500\ncollection of notes receivable 58,000\nsale of investments 38,000\nissuance of notes payable 195,000\ncash paid for:\npurchase of inventory 255,000\ninterest on notes payable 9,500\npurchase of equipment 97,000\nsalaries to employees 182,000\npayment of notes payable 44,000\ndividends to shareholders 39,000\nrequired:\ncalculate net cash flows from investing activities.\nnote: amounts to be deducted should be indicated with a minus sign.\n\ndinos design\nstatement of cash flows\nfor the year ended december 31, 2024\ncash flows from investing activities:\n\nnet cash flows from investing activities $0

Answer

Explanation:

Step1: Identify investing - related cash flows

Cash received from collection of notes receivable ($58,000), sale of investments ($38,000) are cash - inflows from investing activities. Purchase of equipment ($97,000) is a cash - outflow from investing activities.

Step2: Calculate net cash flows from investing activities

Net cash flows = Cash inflows - Cash outflows. Cash inflows = $58,000 + 38,000=96,000$. Cash outflows = $97,000$. Net cash flows = $96,000−97,000=- 1,000$.

Answer:

$-1,000$