Robin Hood's Statement of Cash Flows Contained the Following: Cash

question 35

Multiple Choice

Robin Hood's statement of cash flows contained the following: Cash flows from operating activities in the amount of $34,800
Cash flows from investing activities in the amount of $36,000
Cash flows from (used by) financing activities in the amount of ($54,000)
What was Robin Hood's change in cash for the period?

• A)$16,800 increase
• B)$18,000 increase
• C)$16,800 decrease
• D)$18,000 decrease

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Definitions:

Cost of Goods Sold

The direct costs attributable to the production of the goods sold by a company, including the cost of the materials and labor directly used to create the product.

Collections

The process of receiving payments from customers or clients for goods or services rendered.

Merchandise Purchases

The total cost of goods bought for resale during a specific period in a retail or wholesale business.

Cost of Goods Sold

The total cost of manufacturing and delivering a product to the customer, including raw materials, labor, and overhead.