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6. Maxwell Company began operations on January 1, Year 1. During Year 1, the company engaged in the following cash transactions: (Note! Some items may

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6. Maxwell Company began operations on January 1, Year 1. During Year 1, the company engaged in the following cash transactions: (Note! Some items may not be used in calculations) 1) issued stock for $40,000 2) borrowed $25,000 from its bank 3) provided consulting services for $39,000 cash - 4) paid back $15,000 of the bank loan 5) paid rent expense for $9,000 6) purchased equipment for $12,000 cash 7) paid $3,000 dividends to stockholders 8) paid employees' salaries of $21,000 What is Maxwell's net cash flow from OPEARTING activities? a. Inflow of $6,000 b. Inflow of $9,000 c. Inflow of $18,000 d. Inflow of $30,000

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