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.

---

Definitions:

Working Memory

A component of short-term memory where information is temporarily held and manipulated for cognitive tasks such as learning, reasoning, and comprehension.

Hypnosis

A trance-like state characterized by heightened focus, concentration, and suggestibility.

Elaborative Rehearsal

A memory technique that involves thinking about the meaning of the information and connecting it to other knowledge the person has, to better retain the information.

Tip-Of-The-Tongue Effect

A cognitive phenomenon where a person cannot fully retrieve a word or name but has a partial recall or feels that retrieval is imminent.