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In the period 2011, Lott Inc. performed services for $120,000 and billed its customers. The company subsequently collected $82,000 of the amount billed. Lott incurred
In the period 2011, Lott Inc. performed services for $120,000 and billed its customers. The company subsequently collected $82,000 of the amount billed. Lott incurred $75,000 of operating expenses but paid cash for only $62,000 of that amount Lott acquired $30,000 cash from the issue of common stock The company invested $18,000 cash in the purchase of land. What is the amount of cash flow from revenue that will appear on the statement of cash flows? Multiple Choice $120.000 $82.000 Multiple Choice $120.000. S82000. S45,000. S38.000
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