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:

Join Properties

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Shortcut Menu

A context-sensitive menu that appears when a user right-clicks on an element, offering relevant options or actions.

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External Data

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