In order to prepare the statement of cash flows for Rag Dolls Corporation for the current year, the accountant has compiled the following data regarding cash flows:
Using the above information, indicate the best answer for each question in the space provided.
-Rag Dolls' cash flow from financing activities during the current year is:
A) $322,500 net cash provided by financing activities.
B) $172,500 net cash provided by financing activities.
C) $127,500 net cash provided by financing activities.
D) $375,000 net cash provided by financing activities.

Question

In order to prepare the statement of cash flows for Rag Dolls Corporation for the current year, the accountant has compiled the following data regarding cash flows:
  Using the above information, indicate the best answer for each question in the space provided.
-Rag Dolls' cash flow from financing activities during the current year is:
A) $322,500 net cash provided by financing activities. 
B) $172,500 net cash provided by financing activities. 
C) $127,500 net cash provided by financing activities. 
D) $375,000 net cash provided by financing activities.

Quizplus · Accepted Answer

The Answer is B

In Order to Prepare the Statement of Cash Flows for Rag