Question
08 McDowell Company has provided the following selected information for the year ended December 31, 2022: Cash collected from customers was $313,600. Cash received from
08 McDowell Company has provided the following selected information for the year ended December 31, 2022: Cash collected from customers was $313,600. Cash received from stockholders in exchange for stock totaled $36,800. Cash paid to suppliers was $146,400. Cash paid to employees was $81,600. Cash received from a long-term bank loan was $60,000. Cash paid to stockholders for dividends was $13,600. Cash received from sale of a building was $100,000. Cash paid for rent was $15,200. Cash received for interest and dividends was $3,200. Cash paid for income taxes was $22,400. Required:
Based on the selected information provided, calculate McDowell's cash flow from operating activities. Cash flow from operating activities < Prev 13 of 20 # Next
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