What is Williamstown's cash flow from financing activities for its first year?

Question

Quizplus · Accepted Answer

To calculate the cash flow from financing activities, we need to look at the changes in long-term liabilities and equity. 
Beginning long-term liabilities + Beginning equity = $1,300,000 
Ending long-term liabilities + Ending equity = $1,465,500 
Subtracting the two, we get: 
$1,465,500 - $1,300,000 = $165,500 
Therefore, the answer is option C.

What Is Williamstown's Cash Flow from Financing Activities for Its