Husky Company Has Provided the Following Information for Its Most

question 53

Multiple Choice

Husky Company has provided the following information for its most recent year of operation: Cash collected from customers totaled $89,300.
Cash borrowed from banks totaled $31,700.
Cash paid to employees for salaries totaled $32,100.
Cash received from selling Husky common stock to stockholders totaled $41,000.
Cash payments to banks for repayment of money borrowed totaled $7,500.
Cash paid to suppliers totaled $12,500.
Land costing $25,000 was sold for $25,000 cash.
Cash paid for dividends to stockholders totaled $3,300.
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How much was Husky's cash flow from operating activities?

• A)$47,600.
• B)$44,700.
• C)$41,400.
• D)$37,200.

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Definitions:

Mutual Funds

Investment vehicles that pool money from multiple investors to purchase a diversified portfolio of stocks, bonds, or other securities.

Corporate America

A term often referring to the United States' major business corporations and their practices, influence on the economy, and role in society.

Diverse Stock Portfolio

An investment strategy that involves holding a variety of different stocks to reduce risk.

Small Investors

Small investors refer to individual or retail investors who invest smaller amounts of money in securities, often lacking the market influence of larger institutional investors.