McCorey Corporation recorded the following events last year: On the statement of cash flows,some of these events are classified as operating activities,some are classified as investing activities,and some are classified as financing activities. Based solely on the information above,the net cash provided by (used in)financing activities on the statement of cash flows would be:
A)($70,000)
B)$70,000
C)($130,000)
D)$130,000

Question

McCorey Corporation recorded the following events last year:  On the statement of cash flows,some of these events are classified as operating activities,some are classified as investing activities,and some are classified as financing activities. Based solely on the information above,the net cash provided by (used in)financing activities on the statement of cash flows would be:
A)($70,000) 
B)$70,000 
C)($130,000) 
D)$130,000

Quizplus · Accepted Answer

The Answer of McCorey Corporation recorded the following events last year:  On the statement of cash flows,some of these events are classified as operating activities,some are classified as investing activities,and some are classified as financing activities. Based solely on the information above,the net cash provided by (used in)financing activities on the statement of cash flows would be:
A)($70,000) 
B)$70,000 
C)($130,000) 
D)$130,000

McCorey Corporation Recorded the Following Events Last Year: on the Statement