Mainline Distributing Company collected cash of ($ 92,000) from customers and ($ 6,000) interest on notes receivable.

Question:

Mainline Distributing Company collected cash of \(\$ 92,000\) from customers and \(\$ 6,000\) interest on notes receivable. Cash payments included \(\$ 24,000\) to employees, \(\$ 13,000\) to suppliers, \(\$ 6,000\) as dividends to stockholders, and \(\$ 5,000\) as a loan to another company. How much was Mainline's net cash inflow from operating activities?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Financial Accounting

ISBN: 9780133118209

2nd Edition

Authors: Charles T. Horngren, Jr. Harrison, Walter T.

Question Posted: