Marion Company had these transactions during the first month of the new accounting period:
Sold merchandise for $9000 on credit; its cost was $5000 and it was purchased and paid for last year
Collected $3000 from an account receivable
Borrowed $10 000 from the bank
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:
Verified
Q5: Which of the following is NOT an
Q19: The cost of goods sold during the
Q21: Given the following information for the year
Q22: The following information is taken from the
Q23: Use the information below to answer the
Q26: Use the information below to answer the
Q28: A summary of the entries in the
Q30: Use the information below to answer the
Q35: If a gain of $70 000 is
Q40: Income tax expense was $200 000 for
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents