Practice Checkpoint #1 Question 1 of 15 The following cash transactions occurred for Lockman LLC during 2020 (cash receipts are positive and cash payments are negative): EVENT: Cash received from customers Cash received from new investors Cash paid as dividends Cash paid to suppliers Cash paid for rent Cash paid toward loan principal Cash paid for new office building Cash paid toward loan interest AMOUNT: $83,000 47,000 -14,200 -21,100 -11,400 -2,400 -18,200 -170 What was Lockman LLC's Cash from Operating Activities (receipts less payments) for 2020? $ 50,330 67,330 X

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Practice Checkpoint #1 Question 1 of 15 The following cash transactions occurred for Lockman LLC during 2020 (cash receipts are positive and cash payments are negative): EVENT: Cash received from customers AMOUNT: $83,000 Cash received from new investors 47,000 Cash paid as dividends -14,200 Cash paid to suppliers -21,100 Cash paid for rent Cash paid toward loan principal -11,400 -2,400 Cash paid for new office building -18,200 Cash paid toward loan interest -170 50,330 What was Lockman LLC's Cash from Operating Activities (receipts less payments) for 2020? $ 67,330 x Practice Checkpoint #1 Question 1 of 15 The following cash transactions occurred for Lockman LLC during 2020 (cash receipts are positive and cash payments are negative): EVENT: Cash received from customers AMOUNT: $83,000 Cash received from new investors 47,000 Cash paid as dividends -14,200 Cash paid to suppliers -21,100 Cash paid for rent Cash paid toward loan principal -11,400 -2,400 Cash paid for new office building -18,200 Cash paid toward loan interest -170 50,330 What was Lockman LLC's Cash from Operating Activities (receipts less payments) for 2020? $ 67,330 x