Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

BehrenIncorporated had the following transactions: Issued stock for $15,000 cash Paid $2,000 in cash for dividends. Purchased a building for $35,000. Received cash revenues from

  1. BehrenIncorporated had the following transactions:
  • Issued stock for $15,000 cash
  • Paid $2,000 in cash for dividends.
  • Purchased a building for $35,000.
  • Received cash revenues from customers for $50,000.
  • Paidoperating expenses of $38,000.
  1. Assuming that these are the only transactions, what is the amount of the net cash flows fromoperatingactivities on Behren'scash flow statement?
  2. a.$12,000
  3. b.$10,000
  4. c.$13,000
  5. d.$50,00

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Core Concepts Of Accounting Information Systems

Authors: Mark G. Simkin, Carolyn A. Strand Norman, Scott Paquette

1st Canadian Edition

1118738101, 978-1118738108

More Books

Students also viewed these Accounting questions

Question

What is the relationship between negative thinking and depression?

Answered: 1 week ago