The Statement of Cash Flows for the Current Year Contained

question 128

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.
-Use the information above to answer the following question.What is the amount of cash flows from (used in) financing activities?

• A) ($40,000)
• B) $5,000
• C) $49,000
• D) $10,000