Figure 15-2.Chandler Company's net income last year was $98,000 and cash dividends declared and paid to the company stockholders was $13,000. Changes in selected balance sheet accounts for the year appear below:

-Refer to Figure 15-2. The net cash flows from financing activities to be reported in a statement of cash flows is
A) $10,000.
B) $(10,000).
C) $23,000.
D) $(23,000).

Question

Figure 15-2.Chandler Company's net income last year was $98,000 and cash dividends declared and paid to the company stockholders was $13,000. Changes in selected balance sheet accounts for the year appear below:
 
-Refer to Figure 15-2. The net cash flows from financing activities to be reported in a statement of cash flows is
A) $10,000. 
B) $(10,000). 
C) $23,000. 
D) $(23,000).

Quizplus · Accepted Answer

The Answer of Figure 15-2.Chandler Company's net income last year was $98,000 and cash dividends declared and paid to the company stockholders was $13,000. Changes in selected balance sheet accounts for the year appear below:
 
-Refer to Figure 15-2. The net cash flows from financing activities to be reported in a statement of cash flows is
A) $10,000. 
B) $(10,000). 
C) $23,000. 
D) $(23,000).