The net cash provided by (used in) financing activities for the year was:

A) $(19)
B) $(53)
C) $1
D) $(71)

Question

The net cash provided by (used in) financing activities for the year was:A) $(19)B) $(53)C) $1D) $(71)

prince verma · Accepted Answer

Final Answer : D, Explanation :  The negative sign indicates that there was a net cash outflow from financing activities. Among the given options, option D has the highest magnitude of cash outflow, indicating that the company spent the most on financing activities such as debt repayments and dividend payments.   Reference: APP13A-Ref2The most recent balance sheet and income statement of Oldaker Corporation appear below:     The company paid a cash dividend of $42 and it did not dispose of any property, plant, and equipment.The company did not retire any bonds payable or repurchase any of its own common stock.The following questions pertain to the company's statement of cash flows.

The net cash provided by (used in) financing activities for the year was:

A) $(19)
B) $(53)
C) $1
D) $(71)

Definitions

Learning Objectives

Learning Objectives

Related questions

The net cash provided by (used in) financing activities for the year was:A) $(19) B) $(53) C) $1D) $(71)

Definitions

Learning Objectives

Learning Objectives

Related questions

The net cash provided by (used in) financing activities for the year was:

A) $(19)
B) $(53)
C) $1
D) $(71)