Mainline's Net Cash Operating Activities
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Mainline Distributing Company collected cash of $92,000 from customers and $6,000 interest on notes receivable. Cash payments included $24,000 to employees, $13,000 to suppliers, $6,000 as dividends to stockholders, and $5,000 as a loan to another company. How much was Mainline's net cash provided by operating activities?
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Solution Summary
The expert determines how Mainline's net cash provided by operating activities are determined. Dividends to stockholders and loans are examined.
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Cash Flows from Operations:
Receipts
Cash collected from ...
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