Yowell Company Began Operations on January 1, Year 1

question 26

Multiple Choice

Yowell Company began operations on January 1, Year 1. During Year 1, the company engaged in the following cash transactions
1) issued stock for $56,0002) borrowed $33,000 from its bank3) provided consulting services for $55,000 cash4) paid back $23,000 of the bank loan5) paid rent expense for $13,0006) purchased equipment for $20,000 cash7) paid $3,800 dividends to stockholders8) paid employees' salaries of $29,000
What is Yowell's net cash flow from operating activities?

• A) Inflow of $13,000
• B) Inflow of $42,000
• C) Inflow of $9,200
• D) Inflow of $26,000

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Definitions:

Carbon Dioxide

This odorless, color-free gas is produced during the combustion of organic compounds and carbon, as well as through respiration, and it's consumed by plants in their photosynthesis process.

Chorion

The outermost membrane surrounding an embryo in mammals, birds, and reptiles, contributing to the formation of the placenta in mammals.

Allantois

An extraembryonic membrane of reptiles, birds, and mammals that stores the embryo’s nitrogenous wastes; most of the allantois is detached at hatching or birth.

Nitrogenous Wastes

Metabolic waste compounds that contain nitrogen, commonly produced by the breakdown of proteins and nucleic acids in organisms.