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never [62]
4 years ago
5

Nelson Company experienced the following transactions during Year 1, its first year in operation. Issued $10,000 of common stock

to stockholders. Provided $6,300 of services on account. Paid $2,600 cash for operating expenses. Collected $3,900 of cash from accounts receivable. Paid a $300 cash dividend to stockholders. The amount of net cash flow from operating activities shown on Nelson Company's Year 1 statement of cash flows is:
Business
1 answer:
Nikolay [14]4 years ago
5 0

Answer:

$1,300

Explanation:

Net Cash Flow from Operating Activities represents the cash generated or used in regular business transactions of company, which are not investing or finance transactions.

Here, in the given instance:

Issue of stock is a financing transaction.

Providing services on account is not a cash transaction and will not be reported.

Paying cash is an operating expense, as paid for operating transaction = $2,600

Collecting cash from accounts receivables is operating transaction = $3,900

Payment of dividend is financing activity.

Thus, net cash generated from operating activities = $3,900 - $2,600 = $1,300

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3 years ago
If the price of textbooks increases by one percent and the quantity demanded falls by one-half percent, then the price elasticit
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Hello Sir!! 
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4 years ago
For countries that use inflation targeting, the rate of inflation serves as which of the following? a. The main operating target
Goryan [66]

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8 0
3 years ago
why is accurate "self-classification" of items and equipment involved in a research activity, crucial to export compliance?
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<h3>What is Technology?</h3>
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6 0
1 year ago
If the dollars held for transactions purposes are, on the average, spent four times a year for final goods and services, then th
Ede4ka [16]

Answer:

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