Flotation costs are the amounts that are significantly required for the issuing of various securities in a company such as legal fees and registration fees. In addition, the type of funding that would mostly likely incur flotation costs in Webee Ltd. would be by issuing common stocks.
Answer:
Net cash flow from operating activities
$1,599,000
Explanation:
Pharoah Company
Cash flow from operating activities :
Net income $1,300,000
Net Cash flow from operating activities:
Add depreciation $208,000
Add accounts receivable decreased $455,000
Less accounts payable decreased ($364,000)
Net cash flow from operating activities $1,599,000
