The Laurel Company reported the following data for last year:
Based solely on this information, the net cash flows from financing activities on the statement of cash flows would be

A) $2,000.
B) $(30,000).
C) $(60,000).
D) $(8,000).

Question

The Laurel Company reported the following data for last year: 
Based solely on this information, the net cash flows from financing activities on the statement of cash flows would be

A) $2,000. 
B) $(30,000). 
C) $(60,000). 
D) $(8,000).

Quizplus · Accepted Answer

$(25,000) = X + $20,000 + $15,000

The Laurel Company Reported the Following Data for Last Year