Selected information from Adison Company's 2009 accounting records is as follows:
Adison's statement of cash flows for the year ended December 31, 2009, would show net cash provided (used) by financing activities of
A) $60,000.
B) $(220,000).
C) $160,000.
D) $1,360,000.

Question

Selected information from Adison Company's 2009 accounting records is as follows:
 Adison's statement of cash flows for the year ended December 31, 2009, would show net cash provided (used) by financing activities of
A) $60,000. 
B) $(220,000). 
C) $160,000. 
D) $1,360,000.

Quizplus · Accepted Answer

$400,000 + $1,200,000 - $160,000 - $60,000 - $120,000 + $100,000 = $1,360,000.

Selected Information from Adison Company's 2009 Accounting Records Is as Follows