Nelson Company experienced the following transactions during Year 1, its first year in operation.1. Issued $12,000 of common stock to stockholders. 2. Provided $4,600 of services on account. 3. Paid $3,200 cash for operating expenses. 4. Collected $3,800 of cash from accounts receivable. 5. Paid a $200 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
A. $1,200.
B. $1,400.
C. $600.
D. $400.
Answer: C
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