Required information Cole Company began operations on January 1, 2011. During 2011, the company engaged in...
Required information Cole Company began operations on January 1, 2011. During 2011, the company engaged in the following cash transactions: 1) issued stock for $30,000
2) borrowed $24,000 from its bank
3) sold merchandise for $28,500
4) paid back $10,100 of the bank loan
5) paid rent expense for $2,150
6) purchased equipment costing $5,150
7) paid $3,000 dividends to stockholders
8) paid employees' salaries, $11,100
What is Cole's net cash flow from operating activities?
Multiple Choice Inflow of $58,300 Inflow of $20,350 Inflow of $15,250 Inflow of $10,100
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Required information Cole Company began operations on January 1,
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