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Tigers Delivery Service had the following transactions during a recent year: 1. Issued 2,000 shares...

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Accounting

Tigers Delivery Service had the following transactions during a recent year:

1. Issued 2,000 shares of Common Stock for a total of $18,000 in cash

2. Collected $39,000 in cash from operating sales

3. Paid rent, interest, and salary expenses totaling $19,500 in cash

4. At the end of the year, borrowed $20,000 in cash from States Bank on a two-year, 8% note

5. Purchased a land for $26,000 in cash

6. Sold a truck for $15,000 in cash

Question 1: Tigers operating cash flows for the year were:

A. A net cash inflow of $19,500.

B. A net cash outflow of $9,500.

C. A net cash inflow of $39,000.

D. A net cash outflow of $19,500.

E. A net cash inflow of $58,500.

Question 2: Which section in Tigers Statement of Cash Flows had a net cash outflow of $11,000?

A. Financing.

B. Investing.

C. Operating.

D. No section had a net cash outflow of $11,000.

Question 3: Tigers Financing Cash Flows were:

A. A net cash inflow of $38,000.

B. A net cash outflow of $18,000.

C. A net cash outflow of $38,000.

D. A net cash inflow of $18,000.

E. A net cash inflow of $20,000.

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