The Records of WXY Provided the Following Information for the Year

question 14

Essay

The records of WXY provided the following information for the year ended December 31, 2011:
(1) Purchased a warehouse and paid for it by issuing 1,000 common shares; market value was $35 per share.
(2) Inventory increased by $4,000.
(3) Accounts payable decreased by $6,000.
(4) Declared a cash dividend, $5,000.
(5) Depreciation expense, $2,000.
(6) Net income, $19,000.
(7) Loss on sale of machine, $3,000.
(8) On December 31, 2001, paid insurance premium on all assets, for 2002 and 2003, $800. There was no prepaid insurance on January 1, 2011.
Calculate the net cash inflow from operating activities for 2011.

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Definitions:

Demonstrates

The action of showing or proving something through example or evidence, often used in educational and professional contexts.

Feelings of Powerlessness

The emotional state where an individual perceives they have no control or influence over the situations or outcomes in their life.

Learning Types

Various methodologies or strategies by which individuals process and retain information, including visual, auditory, and kinesthetic learning styles.

Nurse Implements

Tools and devices used by nurses to provide care to patients.