During the month of May,Henderson Company had the following transactions: (1)Revenues of $60,000 were earned and received in cash.
(2)Bank loans of $9,000 were paid off.
(3)Equipment of $20,000 was purchased.
(4)Expenses of $36,800 were paid.
(5)Stockholders purchased additional shares for $22,000 cash.
A statement of cash flows for May would report net cash flows from operating activities of:
A)$60,000.
B)$16,200.
C)$23,200.
D)$20,000.

Question

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The Answer of During the month of May,Henderson Company had the following transactions: (1)Revenues of $60,000 were earned and received in cash.
(2)Bank loans of $9,000 were paid off.
(3)Equipment of $20,000 was purchased.
(4)Expenses of $36,800 were paid.
(5)Stockholders purchased additional shares for $22,000 cash.
A statement of cash flows for May would report net cash flows from operating activities of:
A)$60,000.
B)$16,200.
C)$23,200.
D)$20,000.

During the Month of May,Henderson Company Had the Following Transactions