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Yowell Company began operations on January 1, Year 1. During Year 1, the company engaged in the following cash transactions:
1) issued stock for $40,000
2) borrowed $25,000 from its bank
3) provided consulting services for $39,000
4) paid back $15,000 of the bank loan
5) paid rent expense for $9,000
6) purchased equipment costing $12,000
7) paid $3,000 dividends to stockholders
8) paid employees' salaries, $21,000
-What is Yowell's net cash flow from operating activities?
Claiming Compensation
The act of seeking monetary reimbursement for harm, loss, or damages suffered because of another's actions or negligence.
Recover Damages
Refers to the obtainment of financial compensation for harm or loss suffered, through a legal process.
Reasonable Effort
A degree of effort that a prudent person would consider sufficient under given circumstances.
Specific Performance
A legal remedy requiring a party to perform their part of a contract, rather than simply paying damages for non-performance.
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