Use the Table for the Question(s)below

question 30

Multiple Choice

Use the table for the question(s) below.
-Consider the above statement of cash flows. If all amounts shown above are in millions of dollars, how much money did AOS Industries raise by issuing debt in 2018?

• A)$4.6 million
• B)$1.4 million
• C)$3.2 million
• D)$5.2 million

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Definitions:

Bank Reconciliation

The process of matching and comparing figures from the accounting records against those presented on a bank statement to see if they are consistent.

Company Books

Official records maintained by a business documenting its financial transactions and activities.

Outstanding Checks

Checks that have been issued and recorded in a company's financial records but have not yet been cashed or cleared by the bank.

NSF

An acronym for "Non-Sufficient Funds," indicating that a check cannot be processed due to insufficient money in the account.