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Alkin Company began operations on January 1, Year 1. During Year 1, the company engaged in the following cash transactions: 1. issued stock for $48,000
Alkin Company began operations on January 1, Year 1. During Year 1, the company engaged in the following cash transactions: 1. issued stock for $48,000 2. borrowed $29,000 from its bank 3. provided consulting services for $46,000 cash 4. paid back $19,000 of the bank loan 5. paid rent expense for $11,000 6. purchased equipment for $16,000 cash 7. paid $3400 dividends to stockholders 8. paid employees' salaries of $25,000 What is net cash flow from operating activities? Inflow of $39,000 Inflow of $6600 Inflow of $10,000 Inflow of $21,000 Curries ordered spices from its supplier in June. The spices were delivered in July. Curries paid the bill in August and sold the spices in September. Using accrual accounting, Curries should recognize the expense (cost of goods sold) in [month)
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