The comparative balance sheets of Posner Company, for Years 1 and 2 ended December 31, appear below in condensed form:
Additional data for the current year are as follows:
What are the net cash flows from operating, investing, and financing activities for Year 2?

A) operating: $108,000; investing: ($105,200); financing: ($60,000)
B) operating: $151,800; investing: ($84,200); financing: ($64,600)
C) operating: $122,200; investing: ($84,200); financing: ($35,000)
D) operating: $172,200; investing: ($109,200); financing: ($60,000)

Question

The comparative balance sheets of Posner Company, for Years 1 and 2 ended December 31, appear below in condensed form: ​  ​
Additional data for the current year are as follows:  ​
What are the net cash flows from operating, investing, and financing activities for Year 2?
​
A) operating: $108,000; investing: ($105,200); financing: ($60,000) 
B) operating: $151,800; investing: ($84,200); financing: ($64,600) 
C) operating: $122,200; investing: ($84,200); financing: ($35,000) 
D) operating: $172,200; investing: ($109,200); financing: ($60,000)

Quizplus · Accepted Answer

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The Comparative Balance Sheets of Posner Company, for Years 1