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  3. Study Set
    Survey of Accounting Study Set 8
  4. Exam
    Exam 2: Accounting for Accruals and Deferrals
  5. Question
    Revenue on Account Amounted to $6,200
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Revenue on Account Amounted to $6,200

Question 2

Question 2

Multiple Choice

Revenue on account amounted to $6,200. Cash collections of accounts receivable amounted to $5,900. Cash paid for expenses was $4,100. The amount of employee salaries accrued at the end of the year was $1,900. What is the net cash flow from operating activities for the year?


A) $1,800
B) $1,900
C) $2,100
D) $7,700

Correct Answer:

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