In preparing a company's statement of cash flows for the most recent year,the following information is available:
-Net cash flows from investing activities for the year were:
A)$234,000 of net cash used.
B)$120,000 of net cash provided.
C)$340,000 of net cash used.
D)$259,000 of net cash used.
E)$280,000 of net cash provided.

Question

In preparing a company's statement of cash flows for the most recent year,the following information is available: 
-Net cash flows from investing activities for the year were:
A)$234,000 of net cash used. 
B)$120,000 of net cash provided. 
C)$340,000 of net cash used. 
D)$259,000 of net cash used. 
E)$280,000 of net cash provided.

Quizplus · Accepted Answer

The correct answer is $234,000 of net cash used, as it matches the description of net cash flows from investing activities being negative, indicating cash outflows.

In Preparing a Company's Statement of Cash Flows for the Most