The Clarion Corporation Provided the Following Partial List of Accounts,balances

question 104

Essay

The Clarion Corporation provided the following partial list of accounts,balances and additional information for 2016:
Net income for 2016 was reported as $100,000.
Required: Prepare the financing activities section of the statement of cash flows.

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Definitions:

Motivated

Having a strong desire or willingness to act and achieve goals, driven by internal or external factors.

Extrinsic Rewards

Are provided by someone else.

Externally Administered

Managed or controlled by an outside entity or organization, rather than by the internal staff or resources of the primary organization.

Supervisor

An individual in charge of overseeing and guiding the work of a team or department to ensure productivity and adherence to standards.