Lucas Company 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)$85,000
B)$(80,000)
C)$(145,000)
D)$170,000

Question

Lucas Company 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)$85,000 
B)$(80,000) 
C)$(145,000) 
D)$170,000

Quizplus · Accepted Answer

Financing activities:
 11eaa48f_7afa_b303_9e4a_a5940d98e1bf_TB2485_00

Lucas Company Recorded the Following Events Last Year: on the Statement