Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. during 2017, bourne eternity, inc. receives $12,00

During 2017, Bourne Eternity, Inc. receives $12,000 from its customers and pays $5,000 to purchase...

80.2K

Verified Solution

Question

Accounting

During 2017, Bourne Eternity, Inc. receives $12,000 from its customers and pays $5,000 to purchase inventory. In addition, Bourne Eternity receives $42,000 from the bank by taking out a loan, and the company pays $12,000 to purchase a new vehicle.

Assuming these are the only transactions that take place during 2017, what will be Bourne Eternity's Net Cash Provided By (Used In) Operating activities for the year?

(if you determine the company had net cash used for the period, make your number negative using a minus sign)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

The tee for the fifth hole on a golf course is 375 yards from the...

Geometry
Q

na is supported by two wires 165 ft and 180 ft long Each the top...

Geometry
Q

For a set K = {0} U {1 | n in N (natural number} U...

Basic Math
Q

Find the exact value of y, or state that y is undefined. y = cos^-1(10)...

Basic Math
Q

Suppose a sphere of radius r is sliced by two horizontal planes h units apart...

Calculus
Q

Convert the angle 477 to radians. Give the exact value. This means there should be...

Algebra
Q

Three Bears Manufacturing produces an auto - quartz watch movement called OM362. Three Bears expects...

Accounting
Q

The costs per equivalent unit of direct materials and conversion in the Rolling Department of...

Accounting
Q

NewTech Medical Devices is a medical devices wholesaler that commenced business on June 1, 2019....

Accounting
Q

In the context of an audit of financial statements, explain what is meant by professional...

Accounting
Q

O 6 The passage of the Sarbanes Oxley Act wered Marted out of 30 Select...

Accounting
Q

A hotel would be an example of a company with high operating leverage. O 0...

Accounting