The accountant for Foster Institute,Inc.,determined the cash flow for several transactions to be as follows: On the basis of the above transactions alone,determine the net cash flow from financing activities.
A)$275,000 net cash used for financing activities.
B)$440,000 net cash provided by financing activities.
C)Zero: cash inflows equal cash outflows from financing activities.
D)$285,000 net cash provided by financing activities.

Question

The accountant for Foster Institute,Inc.,determined the cash flow for several transactions to be as follows:  On the basis of the above transactions alone,determine the net cash flow from financing activities.
A)$275,000 net cash used for financing activities. 
B)$440,000 net cash provided by financing activities. 
C)Zero: cash inflows equal cash outflows from financing activities. 
D)$285,000 net cash provided by financing activities.

Quizplus · Accepted Answer

The Answer of The accountant for Foster Institute,Inc.,determined the cash flow for several transactions to be as follows:  On the basis of the above transactions alone,determine the net cash flow from financing activities.
A)$275,000 net cash used for financing activities. 
B)$440,000 net cash provided by financing activities. 
C)Zero: cash inflows equal cash outflows from financing activities. 
D)$285,000 net cash provided by financing activities.

The Accountant for Foster Institute,Inc