Question

Norris Company experienced the following transactions during 2013, its first year in operation. 1. Issued $10,000 of common stock to stockholders. 2. Provided $6,300 of services on account. 3. Paid $2,600 cash for operating expenses. 4. Collected $3,900 of cash from accounts receivable. 5. Paid a $300 cash dividend to stockholders. The amount of net cash flow from operating activities shown on Norris Company's 2013 statement of cash flows is __________.

Answer 1

Cash flow generated from operating activities 1,300

Step-by-step explanation:

collected services fees 3,900

operating expenses paid (2,600)

Cash flow generated from operating activities 1,300

the stock are financing.

the services o naccount doesn't involve cash

the dividends are financing