The following transactions occurred last year at Dempsey Inc.
Based solely on the above information, the net cash flows from financing activities for the year on the statement of cash flows would be

A) $249,000.
B) $7,000.
C) $(103,000).
D) $(6,000).

Question

The following transactions occurred last year at Dempsey Inc. 
Based solely on the above information, the net cash flows from financing activities for the year on the statement of cash flows would be

A) $249,000. 
B) $7,000. 
C) $(103,000). 
D) $(6,000).

Quizplus · Accepted Answer

$50,000 - $3,000 - $40,000

The Following Transactions Occurred Last Year at Dempsey Inc