During the month of May, 2009, the Henderson Company had the following transactions:
* Revenues of $60,000 were earned and received in cash.
* Bank loans of $9,000 were paid off.
* Equipment of $20,000 was purchased.
* Expenses of $36,800 were paid.
* Shareholders purchased additional shares for $22,000 cash.
A statement of cash flows for May, 2009, would report net cash flows from operating activities of:

Question

During the month of May, 2009, the Henderson Company had the following transactions:
 * Revenues of $60,000 were earned and received in cash.
* Bank loans of $9,000 were paid off.
* Equipment of $20,000 was purchased.
* Expenses of $36,800 were paid.
* Shareholders purchased additional shares for $22,000 cash.
A statement of cash flows for May, 2009, would report net cash flows from operating activities of:

Quizplus · Accepted Answer

The Answer of During the month of May, 2009, the Henderson Company had the following transactions:
 * Revenues of $60,000 were earned and received in cash.
* Bank loans of $9,000 were paid off.
* Equipment of $20,000 was purchased.
* Expenses of $36,800 were paid.
* Shareholders purchased additional shares for $22,000 cash.
A statement of cash flows for May, 2009, would report net cash flows from operating activities of:

During the Month of May, 2009, the Henderson Company Had