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Required information Cole Company began operations on January 1, 2011. During 2011, the company engaged in...

Required information Cole Company began operations on January 1, 2011. During 2011, the company engaged in the following cash transactions: 1) issued stock for $30,000

2) borrowed $24,000 from its bank

3) sold merchandise for $28,500

4) paid back $10,100 of the bank loan

5) paid rent expense for $2,150

6) purchased equipment costing $5,150

7) paid $3,000 dividends to stockholders

8) paid employees' salaries, $11,100

What is Cole's net cash flow from operating activities?

Multiple Choice Inflow of $58,300 Inflow of $20,350 Inflow of $15,250 Inflow of $10,100

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Answer #1

Answer- S15,250 Inflow Working Notes Cole Company Statement of Cash Flows (Partial Cash flows from Operating Activities: Cash receipts Sale of Maerchandise Cash Pavments Payment of Rent Expenses Payment of Employees salaries Total Cash payments Net Cash flow from operating activities S 28,500 2150 11100 S 13,250 S 15,250 Notes: Issued stock for $30,000 Borrowed $24,000 from its bank paid back S10,100 of the bank loan Purchased equipment costing S5,150 Paid S3,000 dividends to stockholders Financing Activity Financing Activity Financing Activity Investing Activity Financing Activity

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