Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I need the procedures from 45 through 49. Thanks! Hardin Company began operations in 2010. During the year, the following cash transactions occurred: 1. issued

I need the procedures from 45 through 49. Thanks! image text in transcribed
image text in transcribed
Hardin Company began operations in 2010. During the year, the following cash transactions occurred: 1. issued stock for $40,000 2. borrowed $24,000 from bank 3. provided services to customers for $53,000 cash 4. paid back $8,000 of the loan from the bank 5. paid rent expense, $9,000 6. purchased equipment costing $19,000 7. paid operating expenses, $29,000 8. paid $4,000 dividend to stockholders 45. What was the cash flow from operating activities? A. an inflow of $4,000 B. an inflow of $19,000 C. an inflow of $11,000 D an inflow of $15,000 46. What was the cash flow from investing activities? A. an outflow of $15,000 an outflow of $19,000 C. an inflow of $65,000 D. an outflow of $23,000 47. What was the cash flow from financing activities? A. B. C. D. an inflow of $60,000 an inflow of $52,000 an inflow of $36,000 an inflow of $48,000

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

Auditing

Authors: Timothy J. Ph.D. Robertson, Jack C.; Louwers

9th Edition

0072906952, 9780072906950

More Books

Students also viewed these Accounting questions

Question

O O O Tree Graphs Which graph below is NOT a tree graph?

Answered: 1 week ago