Friday, 28 July 2017

What was Jackson’s net cash provided by operating activities?

Question 1

Jackson Company recorded the following cash transactions for the year:

Paid $135,000 for salaries.

Paid $60,000 to purchase office equipment.

Paid $15,000 for utilities.

Paid $6,000 in dividends.

Collected $245,000 from customers.



What was Jackson’s net cash provided by operating activities?

$89,000

 $95,000

$110,000


$35,000

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