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Jordan began operations in 2012. During 2012 the following cash transactions occurred: 1) Issued stock for $35,000 2) Borrowed $15,000 from the local bank 3)
Jordan began operations in 2012. During 2012 the following cash transactions occurred: 1) Issued stock for $35,000 2) Borrowed $15,000 from the local bank 3) Sold services on account for $32,000 4) Collected 28,000 of the amounts it was owed 5) Paid $10,000 back to the bank 6) Incurred $25,000 of operating expenses on account (to be paid next month) 7) Paid cash to purchase computer equipment costing $1,500 8) Paid $21,000 on its accounts payable 9) Paid its investors $1,000 in dividends What is the cash flow from Operating Activities? A. Inflow of $15,000 B. Inflow of $7,000 C. Inflow of $57,000 D. Inflow of $20,000
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