Based solely on the information above, the net cash provided by (used in) financing activities on the statement of cash flows would be:

A) $(70,000)
B) $70,000
C) $(130,000)
D) $130,000

Question

Based solely on the information above, the net cash provided by (used in) financing activities on the statement of cash flows would be:A) $(70,000)B) $70,000C) $(130,000)D) $130,000

Deandra Nicole · Accepted Answer

Final Answer : C, Explanation :  The net cash provided by financing activities can be calculated by summing up the cash inflows and cash outflows from financing activities. In this case, the cash inflow is $70,000 from the issuance of bonds payable, and the cash outflow is $200,000 for the repayment of notes payable and dividends paid. Therefore, the net cash provided by financing activities is ($130,000), which is option C.

Based solely on the information above, the net cash provided by (used in) financing activities on the statement of cash flows would be:

A) $(70,000)
B) $70,000
C) $(130,000)
D) $130,000

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Learning Objectives

Related questions

Based solely on the information above, the net cash provided by (used in) financing activities on the statement of cash flows would be:A) $(70,000) B) $70,000C) $(130,000) D) $130,000

Definitions

Learning Objectives

Learning Objectives

Related questions

Based solely on the information above, the net cash provided by (used in) financing activities on the statement of cash flows would be:

A) $(70,000)
B) $70,000
C) $(130,000)
D) $130,000