Tucker Tutoring Service Company Recorded the Following Cash Transactions for the Year

question 32

Multiple Choice

Tucker Tutoring Service Company recorded the following cash transactions for the year: Paid $55000 for salaries.
Paid $7000 to purchase office equipment.
Paid $6000 for utilities advertising and supplies.
Paid $12000 for rent.
Paid $18000 in dividends.
Collected $125000 from customers.
Borrowed $20000 from the bank.
What was the company's net cash provided (used) by operating activities?

• A)$34000
• B)$52000
• C)$72000
• D)The amount cannot be determined from the information provided.

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