Yowell Company began operations on January 1, Year 1. During Year 1, the company engaged in the following cash transactions: 1) issued stock for $76,000 2) borrowed $43,000 from its bank 3) provided consulting services for $74,000 4) paid back $33,000 of the bank loan 5) paid rent expense for $18,000 6) purchased equipment costing $30,000 7) paid $4,800 dividends to stockholders 8) paid employees' salaries, $39,000 What is Yowell's net cash flow from operating activities?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Yowell Company began operations on January 1, Year 1. During Year 1, the company engaged in the following cash transactions:
1) issued stock for $76,000
2) borrowed $43,000 from its bank
3) provided consulting services for $74,000
4) paid back $33,000 of the bank loan
5) paid rent expense for $18,000
6) purchased equipment costing $30,000
7) paid $4,800 dividends to stockholders
8) paid employees' salaries, $39,000
What is Yowell's net cash flow from operating activities?
Multiple Choice
Inflow of $12,200
Inflow of $17,000
Inflow of $35,000
Inflow of $60,000
Transcribed Image Text:Yowell Company began operations on January 1, Year 1. During Year 1, the company engaged in the following cash transactions: 1) issued stock for $76,000 2) borrowed $43,000 from its bank 3) provided consulting services for $74,000 4) paid back $33,000 of the bank loan 5) paid rent expense for $18,000 6) purchased equipment costing $30,000 7) paid $4,800 dividends to stockholders 8) paid employees' salaries, $39,000 What is Yowell's net cash flow from operating activities? Multiple Choice Inflow of $12,200 Inflow of $17,000 Inflow of $35,000 Inflow of $60,000
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