Yowell Company Began Operations on January 1, Year 1

question 83

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 $74,0002) borrowed $59,000 from its bank3) provided consulting services for $72,0004) paid back $32,000 of the bank loan5) paid rent expense for $17,5006) purchased equipment costing $29,0007) paid $4,700 dividends to stockholders8) paid employees' salaries for work completed during the year, $38,000
What is Yowell's net cash flow from operating activities?

• A)Inflow of $34,000
• B)Inflow of $16,500
• C)Inflow of $75,500
• D)Inflow of $11,800

---

Definitions:

Concurring Opinion

A concurring opinion is a legal document written by a judge or justice who agrees with the conclusion of the majority in a case but for different reasons.

Majority Opinion

The judicial opinion agreed to by more than half of the members of a court, setting forth the decision of the court.

Dissenting Opinion

A written statement by a judge or a group of judges who disagree with the majority's decision in a legal case.

Supreme Court Decision-Making

The process by which justices of the Supreme Court deliberate on cases and reach their conclusions based on legal reasoning and precedent.