In preparing a company's statement of cash flows for the year just ended, the following information is available: Net cash flows from financing activities for the year were:
A) $130,000 of net cash used by financing activities.
B) $165,000 of net cash used by financing activities.
C) $222,000 of net cash used by financing activities.
D) $88,000 of net cash used by financing activities.
E) $206,000 of net cash used by financing activities.

Question

In preparing a company's statement of cash flows for the year just ended, the following information is available:  Net cash flows from financing activities for the year were:
A) $130,000 of net cash used by financing activities. 
B) $165,000 of net cash used by financing activities. 
C) $222,000 of net cash used by financing activities. 
D) $88,000 of net cash used by financing activities. 
E) $206,000 of net cash used by financing activities.

Quizplus · Accepted Answer

The question does not provide any specific information to determine the exact amount of net cash flows from financing activities. Therefore, we must rely on the options provided. Out of the given options, option D ($88,000 of net cash used by financing activities) is the only one that represents a smaller amount of net cash used in financing activities than the other options.

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