The records of BCD provided the following information for the year ended December 31,2011:
(1) (2) Cash dividends of $5,000 were declared in 2010 and paid in 2011,and cash dividends of $2,000 were declared and paid in 2011.
(3) Net loss in 2011,$1,000.
(4) Depreciation expense for 2011,$5,000.
Calculate the amount of net cash from operating activities during 2011.
Correct Answer:
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