Serfleck Company Reports the Following Data for the Year Ending

question 111

Multiple Choice

Serfleck Company reports the following data for the year ending December 31,2015: There were no retirements of common stock in 2015.On the statement of cash flows(indirect method) ,what is the net cash provided by financing activities for the year ending December 31,2015?

• A)$45,000
• B)$55,000
• C)$60,000
• D)$70,000

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Definitions:

Income

Financial returns, mainly recurring, as compensation for work or investment income.

Technological Advance

The introduction of new technologies or the improvement of existing technologies, leading to better products, services, or ways of doing things.

Process Innovation

The introduction of new or significantly improved production or delivery methods, enhancing efficiency and effectiveness.

Product Innovation

This involves creating new products or significant improvements in the existing products to meet consumer needs or open new markets.