Colby Company Has Provided the Following Selected Information for the Year

question 93

Essay

Colby Company has provided the following selected information for the year ended December 31,2019:
Cash collected from customers was $392,000.
Cash received from stockholders in exchange for stock totaled $46,000.
Cash paid to suppliers was $183,000.
Cash paid to employees was $102,000.
Cash received from a long-term bank loan was $75,000.
Cash paid to stockholders for dividends was $17,000.
Cash received from sale of a building was $125,000.
Cash paid for rent was $19,000.
Cash received for interest and dividends was $4,000.
Cash paid for income taxes was $28,000.
Based on the selected information provided,calculate Colby's cash flow from operating activities.

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Definitions:

Grossly Contaminated

Refers to objects or tissues extensively dirty or infected, often with visible dirt, bacteria, or bodily fluids.

Unknown Chemical

A substance whose identity, composition, or effects are not known, often posing a risk in situations of exposure or contamination.

Closed Head Injury

A type of traumatic brain injury where the skull remains intact, but there may be damage to the brain tissues caused by a blow or jolt to the head.

Displaced Wrist Fracture

A break in one or more of the bones in the wrist where the bone fragments have moved out of their normal alignment.