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Homework answers / question archive / ABC Company experienced the following transactions during Year 1, its first year in operation 1) Issued $9,000 of common stock to stockholders
ABC Company experienced the following transactions during Year 1, its first year in operation
1) Issued $9,000 of common stock to stockholders.
2) Provided $5,300 of services on account
3) Paid $2,350 cash for operating expenses.
4) Collected $3,400 of cash from accounts receivable.
5) Paid a $250 cash dividend to stockholders,
The amount of net cash flow from operating activities shown on the company's Year 1 statement of cash flows is
Multiple Choice :
a) $800
b) $1,050
c) $2,950
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