In preparing a company's statement of cash flows for the most recent year, Ransom Corp. reported the following information: Net cash flows from financing activities for the year were:
A)$230,000 of net cash used.
B)$230,000 of net cash provided.
C)$108,000 of net cash used.
D)$138,000 of net cash used.
E)$138,000 of net cash provideD.

Question

In preparing a company's statement of cash flows for the most recent year, Ransom Corp. reported the following information:  Net cash flows from financing activities for the year were:
A)$230,000 of net cash used. 
B)$230,000 of net cash provided. 
C)$108,000 of net cash used. 
D)$138,000 of net cash used. 
E)$138,000 of net cash provideD.

Quizplus · Accepted Answer

The Answer of In preparing a company's statement of cash flows for the most recent year, Ransom Corp. reported the following information:  Net cash flows from financing activities for the year were:
A)$230,000 of net cash used. 
B)$230,000 of net cash provided. 
C)$108,000 of net cash used. 
D)$138,000 of net cash used. 
E)$138,000 of net cash provideD.

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