Use the Following Information for Questions

question 42

Multiple Choice

Use the following information for questions.
Fleming Company provided the following information on selected transactions during 2011:

-The net cash provided (used) by financing activities during 2011 is

• A)$(1,650,000).
• B)$450,000.
• C)$750,000.
• D)$1,200,000.

---

Definitions:

Assignee

A person or entity to whom rights or interests have been transferred by another, known as the assignor.

Successive Assignments

The process of transferring rights or interests in a property, contract, or other legal entity from one party to another multiple times.

Delegatee

An individual or entity to whom rights or duties are formally transferred, allowing them to act on behalf of the delegator.

Delegates

Representatives who are chosen or elected to act or speak on behalf of others within a conference, assembly, or other meeting.