Hello tutor please give me answer this question general accounting Carey Properties, LLC had the following cash flows during July:•Cash paid for inventory: $20,000•Cash wages to employees: $40,000⚫ Cash sales collected: $100,000•Purchase of equipment for cash: $60,000••Proceeds from a bank loan: $70,000What was the net cash flow during July:a) $40,000 inflow.b) $80,000 outflow.c) $120,000 outflow.d) $50,000 inflow.

Step 1: Definition of Cash InflowCash inflow refers to the money that enters a business and can…

Answered: Carey Properties, LLC had the following…

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter21: The Statement Of Cash Flows

Section: Chapter Questions

Problem 5MC

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