Solved

Pacifica Company Recorded the Following Cash Transactions for the Year

Question 13

Multiple Choice

Pacifica Company recorded the following cash transactions for the year: Paid $255000 for salaries.
Paid $60000 to purchase equipment.
Collected $7200 from the sale of investments
Repaid $48000 of loan principle
Paid $220000 for other operating expenses.
Paid $112000 in dividends.
Collected $652000 from customers.
What was Pacifica's net cash provided (used) by operating activities?


A) $65000
B) $177000
C) $182000
D) $184200

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions