Use the Following Information to Answer Questions

question 16

Multiple Choice

Use the following information to answer questions
Lexington Company engaged in the following transactions during 2015,its first year in operation: (Assume all transactions are cash transactions)
1.Acquired $6,000 cash from issuing common stock.
2.Borrowed $4,400 from a bank.
3.Earned $6,200 of revenues.
4.Incurred $4,800 in expenses.
5.Paid dividends of $800.
Lexington Company engaged in the following transactions during 2016:
1.Acquired an additional $1,000 cash from the issue of common stock.
2.Repaid $2,600 of its debt to the bank.
3.Earned revenues,$9,000.
4.Incurred expenses of $5,500.
5.Paid dividends of $1,280.
-The net cash flow from financing activities on Lexington's 2016 statement of cash flows was

• A)$2,880 outflow
• B)$2,880 inflow
• C)$1,000 outflow
• D)$1,000 inflow

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Definitions:

Supply Curve

A graphical representation that shows the relationship between the price of a good and the quantity supplied over a certain period of time, typically upward sloping.

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