Use the Following Information for Questions

question 11

Multiple Choice

Use the following information for questions.
Oswald Ltd.has recently decided to go public and has hired you as their independent accountant.They wish to adhere to IFRS and know that they must prepare a statement of cash flows.Their financial statements for 2017 and 2016 are provided below: The following additional data were provided for calendar 2017:
-On a statement of cash flows for calendar 2017, the cash provided by (used in) by financing activities is

• A)$6,000.
• B)$24,000.
• C)$(54,000).
• D)$(30,000).

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Definitions:

Recurrent

Occurring repeatedly over a period of time.

Tolerance

The body's reduced response to a substance (like a drug) due to repeated use, which often leads to needing larger doses to achieve the original effect.

Withdrawal Symptoms

Physical or psychological symptoms that occur after stopping or reducing intake of a substance to which one has become addicted.

Common Types

Refers to the most frequently occurring or widespread categories or forms within a certain context.