Mainline Distributing Company collected cash of ($ 92,000) from customers and ($ 6,000) interest on notes receivable.
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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?
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Related Book For
Financial Accounting
ISBN: 9780133118209
2nd Edition
Authors: Charles T. Horngren, Jr. Harrison, Walter T.
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