Spackel Corporation Recorded the Following Events Last Year

question 107

Multiple Choice

Spackel Corporation recorded the following events last year:
On the statement of cash flows, some of these events are classified as operating activities, some are classified as investing activities, and some are classified as financing activities.
-Based solely on the information above,the net cash provided by (used in) financing activities on the statement of cash flows would be:

• A) $(8,000)
• B) $(14,000)
• C) $104,000
• D) $1,286,000

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Definitions:

P(A)

The probability of event A occurring.

P(B)

The probability of event B occurring.

Relative Frequency Approach

A method of probability assessment that involves observing the outcomes of a random experiment to estimate the probability of each outcome by dividing the number of times a specific outcome occurs by the total number of trials.

Long Term

Referring to an extended period of time, typically considered to be several years or more.