The Statement of Cash Flows for a Company Contained the Following

question 31

Multiple Choice

The statement of cash flows for a company contained the following:
-Cash flows from operating activities in the amount of $29,000
-Cash flows from investing activities in the amount of$30,000
-Cash flows from (used by) financing activities in the amount of ($45,000)
What was the change in cash for the period?

• A) $14,000 increase
• B) $15,000 increase
• C) $14,000 decrease
• D) $15,000 decrease

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Definitions:

Corporate Sector

Refers to the segment of an economy comprised of private and publicly traded corporations, involved in commercial and industrial activities.

Noncorporate Sector

Parts of the economy that are not incorporated as businesses, including households, sole proprietorships, and some partnerships.

Excess Burden

The amount by which the burden of a tax exceeds the total revenue collected. Also called deadweight loss.

Tax Revenue

The revenue collected by governments from taxes.