Use the following information for questions.
Marcellus Corp.provided the following information for calendar 2017: Marcellus adheres to ASPE.
-The cash provided by financing activities during 2017 is
A)$360,000.
B)$320,000.
C)$260,000.
D)$220,000.

Question

Use the following information for questions.
Marcellus Corp.provided the following information for calendar 2017: Marcellus adheres to ASPE. 
-The cash provided by financing activities during 2017 is
A)$360,000. 
B)$320,000. 
C)$260,000. 
D)$220,000.

Quizplus · Accepted Answer

The cash provided by financing activities is calculated by considering the cash inflows and outflows related to financing, such as issuing stock, borrowing, and repaying debt. The correct amount is $260,000.

Use the Following Information for Questions