In preparing a company's statement of cash flows for the year just ended, the following information is available: Net cash flows from financing activities for the year were:
A) $147,000 of net cash used.
B) $26,000 of net cash used.
C) $347,000 of net cash used.
D) $51,000 of net cash used.
E) $340,000 of net cash used.

Question

In preparing a company's statement of cash flows for the year just ended, the following information is available:  Net cash flows from financing activities for the year were:
A) $147,000 of net cash used. 
B) $26,000 of net cash used. 
C) $347,000 of net cash used. 
D) $51,000 of net cash used. 
E) $340,000 of net cash used.

Quizplus · Accepted Answer

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In Preparing a Company's Statement of Cash Flows for the Year