The following information is for Cleveland Company: End of YearBeginning ofYearAccounts receivable $138,500? $198,000? Prepaid rent 55,000? 26,500? Long term investments 151,500? 179,000? Dividends payable 53,600? 69,200? Salaries payable 175,000? 183,200? Long term notes payable 356,400? 383,800? Additional data for the current year:(1) Sales on account for the period were $228,000. (2) Operating expenses for the period were $127,000. Based on this limited information, what was the net cash inflow from operating activities?
A. $123,800
B. $101,000
C. $36,700
D. $59,500
Answer: A
Business
You might also like to view...
Which of the following is not one of the categories of security controls for wireless networks?
A. Operational controls. B. Application controls. C. Technical controls. D. Management controls.
Business
Which of the following amendments to the U.S. Constitution contains the Due Process, Equal Protection, and Privileges and Immunities Clauses?
A) the Twelfth Amendment B) the Thirteenth Amendment C) the Fourteenth Amendment D) the Fifteenth Amendment
Business
It is not necessary to prepare for an informal meeting
Indicate whether the statement is true or false
Business
Sun Microsystems CEO, Scott McNealy, once banned the use of PowerPoint by his employees
Indicate whether the statement is true or false
Business