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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  Inflow of $24,000   Inflow of $11,500  Inflow of $43,500    2. What is Yi's net cash flow from investing activities?  Outflow of $44,7 ...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)

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