Husky Company has provided the following information for its most recent year of operation: Cash collected from customers totaled $90,000. Cash borrowed from banks totaled $33,100. Cash paid to employees for salaries totaled $32,800. Cash received from selling Husky common stock to stockholders totaled $48,000. Cash payments to banks for repayment of money borrowed totaled $8,200. Cash paid to suppliers totaled $8,600. Land costing $26,000 was sold for $26,000 cash. Cash paid for dividends to stockholders totaled $4,000. How much was Husky's cash flow from operating activities?
Husky Company has provided the following information for its most recent year of operation: Cash collected from customers totaled $90,000. Cash borrowed from banks totaled $33,100. Cash paid to employees for salaries totaled $32,800. Cash received from selling Husky common stock to stockholders totaled $48,000. Cash payments to banks for repayment of money borrowed totaled $8,200. Cash paid to suppliers totaled $8,600. Land costing $26,000 was sold for $26,000 cash. Cash paid for dividends to stockholders totaled $4,000. How much was Husky's cash flow from operating activities?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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| Husky Company has provided the following information for its most recent year of operation: |
| Cash collected from customers totaled $90,000. |
| Cash borrowed from banks totaled $33,100. |
| Cash paid to employees for salaries totaled $32,800. |
| Cash received from selling Husky common stock to stockholders totaled $48,000. |
| Cash payments to banks for repayment of money borrowed totaled $8,200. |
| Cash paid to suppliers totaled $8,600. |
| Land costing $26,000 was sold for $26,000 cash. |
| Cash paid for dividends to stockholders totaled $4,000. |
| How much was Husky's |
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