The Laurel Company Reported the Following Data for Last Year

question 47

Multiple Choice

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).

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Definitions:

Quantity Supplied

The total amount of a specific good or service that is available for purchase at a given price and time.

Product Shortage

A situation where the demand for a product exceeds the supply available in the market.

Quantity Demanded

The total amount of a good that consumers are willing and able to purchase at a given price in a specified period.

Quantity Supplied

The complete quantity of a product or service that suppliers are prepared to offer for sale at an established price during a defined timeframe.