Question
Husky Company has provided the following information for its most recent year of operation: Cash collected from customers totaled $89,600. Cash borrowed from banks totaled
Husky Company has provided the following information for its most recent year of operation:
Cash collected from customers totaled $89,600.
Cash borrowed from banks totaled $32,300.
Cash paid to employees for salaries totaled $32,400.
Cash received from selling Husky common stock to stockholders totaled $44,000.
Cash payments to banks for repayment of money borrowed totaled $7,800.
Cash paid to suppliers totaled $12,800.
Land costing $22,000 was sold for $22,000 cash.
Cash paid for dividends to stockholders totaled $3,600.
How much was Husky's cash flow from operating activities?
Multiple Choice
A)$37,700
B)$44,400
C)$41,900
D)$49,000
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