Question

Blue Ivy Inc. has the following transactions for the month of March: Issued common stock $60,000 Purchased land by paying cash $100,000 Paid expenses $25,000 Earned cash fees $75,000 As a cumulative result of these transactions, the liquidity of Blue Ivy Inc.:

Answer 1

$10,000

Step-by-step explanation:

Blue Ivy's statement of cash flow:

+ cash from operating activities (earned cash fees - paid expenses) $50,000

- cash from investing activities (buying land) $100,000

+ cash from financing activities (issuing new stocks) $60,000

net cash flow for the month = $10,000