BTE Corporation has the following information available for 2011: The financing activity section of BTE's statement of cash flows would show:

Question

BTE Corporation has the following information available for 2011:  The financing activity section of BTE's statement of cash flows would show:

Quizplus · Accepted Answer

Without knowing the actual amounts for each financing activity (i.e. issuing or repaying debt, issuing or buying back stock), it is impossible to determine whether cash was provided or utilized by financing activities. However, since the question only gives us one piece of information (the identifying code), we can assume that BTE had a negative net cash flow from financing activities in 2011 and therefore the answer is B, net cash utilized by financing activities of $32,000.

BTE Corporation Has the Following Information Available for 2011