McCorey Corporation recorded the following events last year:
On the statement of cash flows, some of these events are classified as operating activities, some are classified as investing activities, and some are classified as financing activities.
-Based solely on the information above,the net cash provided by (used in)financing activities on the statement of cash flows would be:
A) $(70,000)
B) $70,000
C) $(130,000)
D) $130,000

Question

McCorey Corporation recorded the following events last year:
  On the statement of cash flows, some of these events are classified as operating activities, some are classified as investing activities, and some are classified as financing activities.
-Based solely on the information above,the net cash provided by (used in)financing activities on the statement of cash flows would be:
A) $(70,000) 
B) $70,000 
C) $(130,000) 
D) $130,000

Quizplus · Accepted Answer

11ea7761_1597_6e04_81a5_079b78e8c6f6_TB2580_00

McCorey Corporation Recorded the Following Events Last Year