Use the Following Information for Questions 98 and 99 -The Net Cash Provided (Used) by Financing Activities During 2015

question 119

Multiple Choice

Use the following information for questions 98 and 99.
Fleming Company provided the following information on selected transactions during 2015: $\begin{array}{lr}\text { Dividends paid to preferred stockholders } & 250,000 \\\text { Loans made to affiliated corporations } & 700,000 \\\text { Proceeds from issuing bonds } & 800,000 \\\text { Proceeds from issuing preferred stock } & 1,050,000\\\text { Proceeds from sale of equipment } & 400,000 \\\text { Purchases of inventories } & 1,200,000 \\\text { Purchase of land by issuing bonds } & 300,000 \\\text { Purchases of treasury stock } & 600,000\end{array}$
-The net cash provided (used) by financing activities during 2015 is

• A) $(1,650,000).
• B) $550,000.
• C) $1,300,000.
• D) $1,000,000.

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Definitions:

Interquartile Range

The difference between the 25th and 75th percentiles of a dataset, representing the middle fifty percent of the data.

Data

Information collected for reference or analysis, often numerical in nature, used to calculate or demonstrate patterns.

Squared Deviation

The square of the difference between an observed value and the mean, used in statistical analysis to measure variance.

Mean

The arithmetic average of a set of values, calculated by summing all the values and then dividing by the number of values.