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Finance

Problem:

Callahan Company earned $5,100 of cash revenue, paid $2,800 for cash expenses, and paid a $1,100 cash dividend to its owners.

Required:

Which of the following statements is true?

A. Cash flows from financing activities were unchanged.
B. The net cash flow from operating activities was $1,200.
C. The net cash flow from operating activities was $2,300.
D. The net cash flow from investing activities was an outflow or decrease of $1,100.

Note: Explain in detail.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91163677

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