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question 21

Multiple Choice

[The following information applies to the questions displayed below.]

Nelson Company experienced the following transactions during Year 1, its first year in operation.

Acquired $12,000 cash by issuing common stock
Provided $4,600 of services on account
Paid $3,200 cash for operating expenses
Collected $3,800 of cash from customers in partial settlement of its accounts receivable
Paid a $200 cash dividend to stockholders

-What is the amount of net cash flows from operating activities that will be reported on the Year 1 statement of cash flows?

• A)$400
• B)$600
• C)$1,400
• D)$1,200

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Definitions:

Output Shaft

The shaft on a machine or engine that transfers power to the driven components.

Input Pulse

A transient electrical signal or voltage of short duration that is used in digital circuits and signal processing.

Constant Speed

A state where an object or device moves at a steady rate without acceleration or deceleration.

Steps Continuously

A term that likely refers to a process or mechanism that operates in a smooth, uninterrupted progression but is not a standardized technical term. NO.