Question: Winford Distributing Corp. collected cash of $102,000 from customers and $8,000 interest on notes receivable. Cash payments included $28,000 to employees, $18,000 to suppliers, $11,000
Winford Distributing Corp. collected cash of $102,000 from customers and $8,000 interest on notes receivable. Cash payments included $28,000 to employees, $18,000 to suppliers, $11,000 as dividends to shareholders, and $10,000 as a long-term loan to another company. How much was Winford Distributing Corp.’s net cash inflow from operating activities using the direct method?
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