Barrow Company Recorded the Following Cash Transactions for the Year

question 52

Multiple Choice

Barrow Company recorded the following cash transactions for the year: Paid $115000 for salaries.
Paid $40000 to purchase office equipment.
Paid $9000 for utilities.
Sold investments for cash of $5000.
Paid $11000 in dividends.
Collected $295000 from customers.
Issued shares for cash of $120000.
What was Barrow's net cash provided (used) by operating activities?

• A)($40000)
• B)$160000
• C)$131000
• D)$180000

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Definitions:

Currency Value

The numerical value assigned to a currency, which can fluctuate based on economic factors and is critical in financial transactions.

Price Field

A column in a database or software application where the price of an item or service is recorded.

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A field in a database that allows the user to select a value from another table, linking the two tables together.

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An interface within database applications that allows users to define or modify the structure of a database table.