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 provided by (used in)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 provided by (used in)financing activities?
A)$15,400 
B)($3,300) 
C)($15,400) 
D)$3,300

Quizplus · Accepted Answer

The total decrease in cash due to financing activities is $15,400, which means net cash used in financing activities is $15,400. Choice C is the only option that reflects this.

A Corporation Prepared Its Statement of Cash Flows for the Year.The