Education Consultants Company opened for business on January 1, 2017. During 201

Question

Education Consultants Company opened for business on January 1, 2017. During 2017, the company had the following cash transactions: 1) issued stock for $68,000 2) borrowed $39,000 from its bank 3) provided consulting services for $66,000 cash 4) paid back $29,000 of the bank loan 5) paid rent expense for $16,000 6) purchased equipment for $26,000 cash 7) paid $4,400 dividends to stockholders 8) paid employees' salaries of $35,000 Based on the information above, what is the company's net cash flow from operating activities for the year 2017? Inflow of $54,000 None of these choices are correct. Inflow of $10,600 Inflow of $15,000 Inflow of $31,000

Explanation / Answer

Calculate net cash flow from operating activities :

So answer is d) Inflow of $15000

Cash flow from operating activities Cash received from customer 66000 Cash paid for rent expense -16000 Cash paid for salary expense -35000 Net cash flow from operating activities 15000

Related Questions

Navigate

• Browse (All)
• Browse E
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.