Nelson Company experienced the following transactions during Year 2016, its first year in operation:

1. Issued $9,200 of common stock to stockholders.

2. Provided $5,500 of services on account.

3. Paid $2,400 cash for operating expenses.

4. Collected $3,500 of cash from accounts receivable.

5. Paid a $110 cash dividend to stockholders.

The amount of net cash flow from operating activities shown on Nelson Company's Year 2016 statement of cash flows is:

$2,480

$3,120

$2,200

$3,400

Answer rating: 100% (QA)

Calculation Net income is the diffe... View the full answer