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In the period 2011. Lott Inc. performed services for $120,000 and billed its customers. The company subsequently collected $82,000 of the amount billed. Lott incurred $75,000 of operating expenses but paid cash for only $62,000 of that amount Lott acquired $30,000 cash from the issue of common stock The company invested $18,000 cash in the purchase of land. What is the amount of cash flow from financing activities? Multiple Choice $18,000 $48.000 520000 $18,000 $48.000 $20.000 $30.000 question #47 in the period 2011. Lott Inc. performed services for $120,000 and billed its customers. The company subsequently collected $82,000 of the amount billed. Lott incurred $75,000 of operating expenses but paid cash for only $62,000 of that amount Lott acquired $30,000 cash from the issue of common stock. The company invested $18,000 cash in the purchase of land. What is the amount of net income for the period? Multiple Choice $45,000 O $7,000 Multiple Choice $45.000 O $7,000 O $27000 $27,000 $20.000 Seved question #84 In the period 2011, Lott Inc. performed services for $120,000 and billed its customers. The company subsequently collected $82,000 of the amount billed. Lott incurred $75,000 of operating expenses but paid cash for only $62,000 of that amount. Lott acquired $30,000 cash from the issue of common stock. The company invested $18,000 cash in the purchase of land. What is the amount of cash flow from financing activities? Multiple Choice O $18.000 $48.000 $18.000 $48.000 $20,000 $30,000 In the period 2011. Lott Inc, performed services for $120,000 and billed its! customers. The company subsequently collected $82,000 of the amount billed. Lott incurred $75,000 of operating expenses but paid cash for only $62,000 of that amount. Lott acquired $30,000 cash from the issue of common stock The company invested $18,000 cash in the purchase of land. What is the net cash flow from operating activities for the period? Multiple Choice O $2.000 $20,000 Multiple Choice $ 2,000 $20,000 $ 7,000 $11.000 question #10 In the period 2011, Lott Inc. performed services for $120,000 and billed its customers. The company subsequently collected $82,000 of the amount billed. Lott incurred $75,000 of operating expenses but paid cash for only $62,000 of that amount. Lott acquired $30,000 cash from the issue of common stock. The company invested $18,000 cash in the purchase of land. What is the amount of net income for the period? Multiple Choice o $20,000 $45,000 $20000 $45.000 $7000 $27000

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