Yi Company Began Operations on January 1, 2013

question 99

Multiple Choice

Yi Company began operations on January 1, 2013. During 2013, 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 $38,000
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 Yi's net cash flow from operating activities?

• A) Inflow of $5,000
• B) Inflow of $8,000
• C) Inflow of $17,000
• D) Inflow of $33,000

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Definitions:

Mission

A statement or declaration of the fundamental purpose of an organization, outlining its goals, guiding principles, and reason for existence.

LMX Theory

An approach to understanding leadership that focuses on the interactions between leaders and individual team members, emphasizing that these relationships vary in quality.

Exchange Relationship

A type of relationship characterized by reciprocal actions, where interactions are based on give-and-take dynamics.

Define

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