Your Corporation started a consulting business on January 1, 2019 by issuing $7,000 of common...
60.1K
Verified Solution
Link Copied!
Question
Accounting
Your Corporation started a consulting business on January 1, 2019 by issuing $7,000 of common stock. What was net cash flow from operating activities? Provided services on account, $25,000. Incurred $11,000 of operating expense on account. Purchased $7,000 of supplies. Paid $5,000 of its accounts payable. Collected $9,000 of the revenue that was previously recorded on account. Performed $15,000 of work for cash. Recognized $2,000 of supplies expense. Paid a cash dividend of $4,000 to the stockholders
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!
