Solved

Jackson Company Recorded the Following Cash Transactions for the Year $135,000\$ 135,000

Question 1

Multiple Choice

Jackson Company recorded the following cash transactions for the year: Paid $135,000\$ 135,000 for salaries.
Paid $60,000\$ 60,000 to purchase office equipment.
Paid $15,000\$ 15,000 for utilities.
Paid $6,000\$ 6,000 in dividends.
Collected $275,000\$ 275,000 from customers. What was Jackson's net cash provided by operating activities?


A) $125,000
B) $65,000
C) $140,000
D) $119,000

Correct Answer:

verifed

Verified

Related Questions