Question during 2017 bourne eternity inc receives 12000, Ask an Expert

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Question: During 2017, Bourne Eternity, Inc. receives $12,000 from its customers and pays $5,000 to purchase inventory. In addition, Bourne Eternity receives $42,000 from the bank by taking out a loan, and the company pays $12,000 to purchase a new vehicle.

Assuming these are the only transactions that take place during 2017, what will be Bourne Eternity's Net Cash Provided By (Used In) Operating activities for the year?

(if you determine the company had net cash used for the period, make your number negative using a minus sign)

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M92716740

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