Education Consultants Company opened for business on January

Education Consultants Company opened for business on January 1, 2017. During 2017, the company had the following cash transactions: 1) issued stock for $68,000 2) borrowed $39,000 from its bank 3) provided consulting services for $66,000 cash 4) paid back $29,000 of the bank loan 5) paid rent expense for $16,000 6) purchased equipment for $26,000 cash 7) paid $4,400 dividends to stockholders 8) paid employees\' salaries of $35,000 Based on the information above, what is the company\'s net cash flow from operating activities for the year 2017? Inflow of $54,000 None of these choices are correct. Inflow of $10,600 Inflow of $15,000 Inflow of $31,000

Solution

Calculate net cash flow from operating activities :

So answer is d) Inflow of $15000