Problem: During January, ABC Company reported the following payments of cash: ● $20,000 cash paid to purchase inventory ● $40,000 cash paid to owners as a dividend ● $50,000 cash paid to purchase land ● $10,000 cash paid to employees for salaries In its statement of cash flows for January, ABC Company would show cash outflows from  investing activities of: A. $30,000 B. $40,000 C. $50,000 D. $60,000 E. $70,000 F. $90,000

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Problem Details

During January, ABC Company reported the following payments of cash:

● $20,000 cash paid to purchase inventory
● $40,000 cash paid to owners as a dividend
● $50,000 cash paid to purchase land
● $10,000 cash paid to employees for salaries

In its statement of cash flows for January, ABC Company would show cash outflows from  investing activities of:

A. $30,000

B. $40,000

C. $50,000

D. $60,000

E. $70,000

F. $90,000

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