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On January 1, 2012, AAA Company had assets of $600, liabilities of $300, and common stock of $150. During 2012 the company experienced the following
On January 1, 2012, AAA Company had assets of $600, liabilities of $300, and common stock of $150. During 2012 the company experienced the following events.
Earned cash revenue of $600.
Incurred cash expenses of $250.
Paid cash dividends of $100.
The amount of net cash flow from operating activities reported on AAA Company's December 31, 2012 statement of cash flows would be?
(A) 250
(B) 350
(C) 500
(D) none of the above.
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