Solved

Marion Company Had These Transactions During the First Month of the New

Question 25

Multiple Choice

Marion Company had these transactions during the first month of the new accounting period:
\bullet Sold merchandise for $9000 on credit; its cost was $5000 and it was purchased and paid for last year
\bullet Collected $3000 from an account receivable
\bullet Borrowed $10 000 from the bank
\bullet Paid dividends of $500
Using the above information, Marion would report net cash flow from operating activities for the new period as:


A) $2500.
B) $3000.
C) $8000.
D) none of the answers provided.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents