Junior CoHad the Following Activity During 2011: Net Income $\$ 50,000$

question 47

Multiple Choice

Junior Co.had the following activity during 2011: Net Income $\$ 50,000$
Cash Receipts from customers $\$ 1,750,000$
Cash Payments to suppliers $\$ 1,050,000$
Amortization Expense $\$ 35,000$
Cash Payments for operations $\$ 640,000$
What was the cash flow from operating activities?

• A)$ 25,000
• B)$ 50,000
• C)$ 60,000
• D)$ 95,000

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Definitions:

Payment

The act of giving money in exchange for goods, services, or to fulfill an obligation.

ROG

Rate of Growth, representing the percentage increase in a particular variable over a specified period, often used in economic and financial contexts.

Account

A record or statement that keeps track of financial transactions or an arrangement with a bank to deposit, withdraw, or manage money.

Invoice

A document issued by a seller to a buyer that lists the products or services provided and specifies the amount owed for them.