Your Corporation started a consulting business on January 1, 2019 by issuing $7,000 of common...
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Accounting
Your Corporation started a consulting business on January 1, 2019 by issuing $7,000 of common stock. What was net cash flow from operating activities? Provided services on account, $25,000. Incurred $11,000 of operating expense on account. Purchased $7,000 of supplies. Paid $5,000 of its accounts payable. Collected $9,000 of the revenue that was previously recorded on account. Performed $15,000 of work for cash. Recognized $2,000 of supplies expense. Paid a cash dividend of $4,000 to the stockholders
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