Tucker Tutoring Service Company Recorded the Following Cash Transactions for the Year

question 16

Multiple Choice

Tucker Tutoring Service Company recorded the following cash transactions for the year: Paid $55000 for salaries.
Paid $7000 to purchase office equipment.
Paid $6000 for utilities advertising and supplies.
Paid $12000 for rent.
Paid $18000 in dividends.
Collected $125000 from customers.
Borrowed $20000 from the bank.
What was the company's net cash provided (used) by financing activities?

• A)($2000)
• B)$2000
• C)$22000
• D)The amount cannot be determined from the information provided.

---

Definitions:

Thyroglobulin

A protein produced by the thyroid gland, serving as a precursor to thyroid hormones, which regulate metabolism.

Enzymes

Biological molecules that act as catalysts, speeding up chemical reactions in the body without being consumed by the reaction.

Thyroid Follicles

The small, spherical structures in the thyroid gland that produce and store thyroid hormones, which regulate metabolism.

Thyroid Hormone

A hormone produced by the thyroid gland, important for regulating metabolism, energy generation, and growth and development.