Flynn Corporation had the following cash flows for the current year.The company uses the direct method in preparing the statement of cash flows.

-Use the information above to answer the following question.What is the net cash flows provided by (used in)financing activities?
A) $620,000
B) $410,000
C) $610,000
D) $490,000

Question

Flynn Corporation had the following cash flows for the current year.The company uses the direct method in preparing the statement of cash flows.
 
-Use the information above to answer the following question.What is the net cash flows provided by (used in)financing activities?
A) $620,000 
B) $410,000 
C) $610,000 
D) $490,000

Quizplus · Accepted Answer

The net cash flows provided by (used in) financing activities is $610,000, as indicated in the information provided.

Flynn Corporation Had the Following Cash Flows for the Current