The following events occurred last year for the Cart Corporation: Based solely on the above information, the net cash provided by (used in) financing activities for the year on the statement of cash flows was:

A) $12,000
B) $24,000
C) $20,000
D) $49,000

Financing Activities

Transactions and business events that involve raising capital and repaying investors, including issuing equity and debt, dividend payments, and loan repayments.

Net Cash

The amount of cash that remains after deducting cash outflows from cash inflows, reflecting a company's cash liquidity.

Statement Of Cash Flows

The statement of cash flows is a financial report that shows how changes in balance sheet accounts and income affect cash and cash equivalents, categorizing cash flows into operating, investing, and financing activities.