Colby Company Has Provided the Following Selected Information for the Year

question 54

Essay

Colby Company has provided the following selected information for the year ended December 31, 2016:
Cash collected from customers was $392,000.
Cash received from stockholders in exchange for stock totaled $46,000.
Cash paid to suppliers was $183,000.
Cash paid to employees was $102,000.
Cash received from a long-term bank loan was $75,000.
Cash paid to stockholders for dividends was $17,000.
Cash received from sale of a building was $125,000.
Cash paid for rent was $19,000.
Cash received for interest and dividends was $4,000.
Cash paid for income taxes was $28,000.
Required:
Based on the selected information provided, calculate Colby's cash flow from operating activities.

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Definitions:

Electronic Records

Digital versions of patients' medical histories, including diagnoses, treatments, and outcomes, kept by healthcare providers.

Electronic Transmission

The process of sending data or information over electronic networks, such as the internet or telecommunication lines.

Configured

Set up or arranged in a way that enables a system or device to function in a specific manner.

Insurance Verification

The process of confirming a patient’s insurance coverage and benefits to ensure that the costs of treatments are covered.