Revenue on account amounted to $5,000. Cash collections of accounts receivable amounted to $4,700. Cash paid for operating expenses was $3,500. The amount of employee salaries accrued at the end of the year was $1,300. What was the net cash flow from operating activities? Multiple Choice O O O $1,200 $1,500 $1,300 $5,900

Revenue on account amounted to $5,000. Cash collections of accounts receivable amounted to $4,700. Cash paid for operating expenses was $3,500. The amount of employee salaries accrued at the end of the year was $1,300. What was the net cash flow from operating activities? Multiple Choice O O O $1,200 $1,500 $1,300 $5,900

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Description: Revenue on account amounted to $5,000. Cash collections of accounts receivable amounted to $4,700. Cash paid for operating expenses was $3,500. The amount ofemployee salaries accrued at the end of the year was $1,300. What was the net cash flow from

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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