Colin Corp What Was the Cash Flow from Financing Activities?
A)$57,800
B)$72,800

question 74

Multiple Choice

Colin Corp.had the following activity during 2011: $$\begin{array} { l r } \text { Payment of long-term note payable } & \$ 375,000 \\\text { Interest paid on debt } & 67,200 \\\text { Proceeds from sale of common shares } & 500,000 \\\text { Dividends received on investments } & 15,000\end{array}$$
What was the cash flow from financing activities?

• A)$57,800
• B)$72,800
• C)$125,000
• D)$140,000

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Definitions:

Standard Cost System

A cost accounting system where predetermined costs are used for valuing inventory and measuring performance.

Direct Labor Costs

The total of all wages, benefits, and taxes paid to employees who are directly involved in the manufacturing of products.

Work in Process

Goods that are in various stages of the production process but are not yet completed.

Standard Cost Card

A document listing the standard costs associated with manufacturing a product, including labor, materials, and overhead.