The Statement of Cash Flows for the Current Year Contained

question 82

Multiple Choice

The Statement of Cash Flows for the current year contained the following: The change in cash for the current year was an increase of $14,000.
What was the amount of cash flows from (used in) operating activities?

• A)$5,000
• B)$35,000
• C)$25,000
• D)$4,000

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Definitions:

Government Surplus

The situation where a government's income from taxes and other sources exceeds its expenditure over a specified period.

Keynesians

are economists or adherents of the economic theories of John Maynard Keynes, who advocated for government intervention in markets to mitigate the adverse effects of economic cycles.

Monetarists

Economists who theorize that alterations in the money supply have a major influence on the national output in the short run and affect price levels over more prolonged periods.

Rational Expectationists

Economists who argue that individuals make decisions based on their rational outlook, available information, and past experiences.