Revenue on account amounted to $6,400. Cash collections of accounts receivable amounted to $6,100. Cash paid for operating expenses was $4,200. The amount of employee salaries accrued at the end of the year was $2,000. What was the net cash flow from operating activities? Multiple Choice $2,200. $1,900. $2,000. $8,000

Revenue on account amounted to $6,400. Cash collections of accounts receivable amounted to $6,100. Cash paid for operating expenses was $4,200. The amount of employee salaries accrued at the end of the year was $2,000. What was the net cash flow from operating activities? Multiple Choice $2,200. $1,900. $2,000. $8,000

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter21: The Statement Of Cash Flows

Section: Chapter Questions

Problem 5MC

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