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 net cash provided by (used in) financing activities is calculated by adding the cash inflows and outflows from financing activities, which in this case is ($23,600) + $8,200 = ($15,400). Therefore, the answer is C.

A Corporation Prepared Its Statement of Cash Flows for the Year