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Yowell Company began operations on January 1, Year 1. During Year 1, the company engaged in the following cash transactions: 1) issued stock for $62,000
Yowell Company began operations on January 1, Year 1. During Year 1, the company engaged in the following cash transactions: 1) issued stock for $62,000 2) borrowed $36,000 from its bank 3) provided consulting services for $61,000 cash 4) paid back $26,000 of the bank loan 5) paid rent expense for $14,500 6) purchased equipment for $23,000 cash 7) paid $4,100 dividends to stockholders 8) paid employees' salaries of $32,000 What is Yowell's net cash flow from operating activities? What is Yowell's net cash flow from operating activities? Multiple Choice O Inflow of $14,500 Inflow of $46,500 Inflow of $10,400 O Inflow of $29,000
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