Consider the following list of transactions:Repay borrowing from the bank, $2,000.Pay employees' salaries of $1,500.Purchase equipment for cash, $10,000.Provide services to customers for cash, $4,500.Issue shares of common stock for cash, $5,000. Pay utilities, $1,000.Provide services to customers on account, $2,500.Sell old delivery truck for cash, $4,000.What amount would the company report for operating cash flows in the statement of cash flows?
A. $1,000.
B. $2,000.
C. $4,500.
D. $5,000.
Answer: B
You might also like to view...
Which of the following is an advantage of enterprise resource planning (ERP) systems?
A) It is inexpensive to implement. B) It provides financial benefits only to small companies. C) It replaces separate software systems, such as sales and payroll. D) Its implementation requires a small commitment of time and people.
_____ splits a table into subsets of rows or columns and places the subsets close to the client computer to improve data access time
a. Normalization b. Meta modeling c. Replication d. Partitioning
Referential integrity constraints are implemented in SQL using the ________ syntax
A) PRIMARY KEY B) FOREIGN KEY C) DEFAULT D) UNIQUE
The performance rating factor and allowances are based on human judgment
Indicate whether the statement is true or false