Question 3 options: The following information was taken from the accounting reco

Question

Question 3 options:
The following information was taken from the accounting records of ABC Company for 2003:


Cash payments for supplies $10,400

Cash paid for rent 1,200

Cash paid for dividends 200

Cash received from customers 17,868

Cash received from issuing stock 25,000

Cash paid for interest 150

Cash paid for studio equipment 12,874

Cash borrowed from the bank 10,000

Cash paid to purchase inventory 3,750


Calculate the net cash flow from investing activities for 2003. If your answer is negative,
place a minus sign in front of your answer with no spaces in between (e.g., -1234). Do not
use decimals in your answer.

Explanation / Answer

Answer: Cash payments for supplies...$10,400 - 10,400 Cash paid for rent...1,200 - 1,200 Cash paid for dividends...200 Financing Activity Cash received from customers...17,868 + 17,868 Cash received from issuing stock...25,000 Financing Activity Cash paid for interest...150 - 150 Cash paid for studio equipment...12,874 Investing Activity Cash borrowed from the bank...10,000 Financing Activity Cash paid to purchase inventory...3,750 - 3,750 Calculate the net cash flow from operating activities for 2003. $2,368

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