The following information is provided for Identikit Ltd for the period ended 30 June 2005: All transactions are in cash unless otherwise indicated.What is the net cash flow from operating activities for the period?
A) Cash inflow $371,000
B) Cash inflow $298,000
C) Cash outflow $554,000
D) Cash inflow $530,000
E) None of the given answers.

Question

The following information is provided for Identikit Ltd for the period ended 30 June 2005:  All transactions are in cash unless otherwise indicated.What is the net cash flow from operating activities for the period?
A) Cash inflow $371,000 
B) Cash inflow $298,000 
C) Cash outflow $554,000 
D) Cash inflow $530,000 
E) None of the given answers.

Quizplus · Accepted Answer

The Answer of The following information is provided for Identikit Ltd for the period ended 30 June 2005:  All transactions are in cash unless otherwise indicated.What is the net cash flow from operating activities for the period?
A) Cash inflow $371,000 
B) Cash inflow $298,000 
C) Cash outflow $554,000 
D) Cash inflow $530,000 
E) None of the given answers.

The Following Information Is Provided for Identikit Ltd for the Period