Randal Corporation recorded the following activity for the year just ended:

-The net cash provided by financing activities for the year was:
A)$100,000
B)$550,000
C)$180,000
D)$680,000

Question

Randal Corporation recorded the following activity for the year just ended:

-The net cash provided by financing activities for the year was:
A)$100,000 
B)$550,000 
C)$180,000 
D)$680,000

Quizplus · Accepted Answer

The net cash provided by financing activities is the total cash inflow from financing activities minus the total cash outflow from financing activities. The correct amount is $550,000.

Randal Corporation Recorded the Following Activity for the Year Just