Explore our Solution Library

Number of Views - 1436 144

Help me with Webster University ACCT 2010 OB Financial Accounting Week 1 Quiz


Question - YiCompanybeganoperationsonJanuary1,2013.During2013,thecompanyengaged             
in the following cash transactions: 
 
1) issued stock for $54,000 
2) borrowed $32,000 from its bank 
3) provided consulting services for $52,000 
4) paid back $22,000 of the bank loan 
5) paid rent expense for $12,500 
6) purchased equipment costing $19,000 
7) paid $3,700 dividends to stockholders 
8) paid employees' salaries, $28,000 
 
1. What is Yi's net cash flow from operating activities? 
Inflow of $7,800 
I ...Read More

Solution Preview - ,thecompanyengaged              in the following cash transactions:    1) issued stock for $54,000  2) borrowed $32,000 from its bank  3) provided consulting services for $52,000  4) paid back $22,000 of the bank loan  5) paid rent expense for $12,500  6) purchased equipment costing $19,000  7)

Original Question Documents

Found What You Need?

Scroll down to find more if you need to find our more features