M Ltd Had These Transactions During the First Month of the New

question 19

Multiple Choice

M Ltd had these transactions during the first month of the new accounting period: $\bullet$ Sold merchandise for $12 000 on credit; its cost was $5 000 and it was purchased and paid for last year
$\bullet$ Collected $3 000 from an account receivable
$\bullet$ Borrowed $10 000 from the bank
$\bullet$ Paid dividends of $500
Using the above information, M Ltd would report net cash flow from operating activities for the new period as:

• A) $2 500.
• B) $3 000.
• C) $8 000.
• D) None of the above.

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A geographic region referring to the areas of Mexico that are adjacent to the Pacific Ocean, Gulf of Mexico, and the Caribbean Sea.