The Following Transactions Occurred Last Year at Jogger Corporation

question 1

Multiple Choice

The following transactions occurred last year at Jogger Corporation: Based solely on the above information, the net cash provided by (used in) financing activities for the year on the statement of cash flows would be:

• A) $424,000
• B) $(138,000)
• C) $(1,000)
• D) $7,000

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Definitions:

Capital Expenditure

Funds spent by a company to acquire, upgrade, and maintain physical assets such as property, industrial buildings, or equipment.

Working Capital Management

Planning and managing the firm’s current assets and liabilities.

Inventory

Raw materials, work-in-progress, and finished goods that are considered assets and intended for sale in the ordinary course of business.

Capital Structure

The mix of a company's long-term debt, specific short-term debt, common equity, and preferred equity that it uses to finance its overall operations and growth.