Astoria Co

question 38

Multiple Choice

Astoria Co. had the following transactions during the month of August, 2010:
* Cash received from bank loans was $20,000.
* Dividends of $9,500 were paid to shareholders in cash.
* Revenues earned and received in cash amounted to $33,500
* Expenses incurred and paid were $26,000
-Refer to the above data. For the month of August, 2010, net cash flows from operating activities for Astoria were:

• A) $33,500.
• B) $7,500.
• C) $20,000.
• D) $26,000.