A corporation prepared its statement of cash flows for the year. The following information is taken from that statement: What is the amount of net cash flows from financing activities?
A) $15,400
B) ($3,300)
C) ($15,400)
D) $3,300

Question

A corporation prepared its statement of cash flows for the year. The following information is taken from that statement:  What is the amount of net cash flows from financing activities?
A) $15,400 
B) ($3,300) 
C) ($15,400) 
D) $3,300

Quizplus · Accepted Answer

The net cash flows from financing activities is calculated by adding the cash received from financing activities and subtracting the cash paid for financing activities. From the provided information, the cash received from financing activities is $0 and the cash paid for financing activities is ($15,400). Therefore, the net cash flows from financing activities is C) ($15,400).

A Corporation Prepared Its Statement of Cash Flows for the Year