Oklahoma Corp

question 159

Multiple Choice

Oklahoma Corp. uses the indirect method to prepare its statement of cash flows. Refer to the following information for 2018:
1) Long-Term Notes Payable, beginning balance, $84,000
2) Long-Term Notes Payable, ending balance, $99,000
3) Common Stock, beginning balance, $3400
4) Common Stock, ending balance, $26,000
5) Retained Earnings, beginning balance, $78,000
6) Retained Earnings, ending balance, $120,000
7) Treasury Stock, beginning balance, $5800
8) Treasury Stock, ending balance, $10,600
9) No stock was retired.
10) No treasury stock was sold.
11) During 2018, the company repaid $35,000 of long-term notes payable.
12) During 2018, the company borrowed $27,000 on new long-term notes payable.
13) Net income for the year was $50,000.
14) Assume all dividends declared during the year were paid.
What is the net cash provided by financing activities?

• A) $17,800
• B) $9800
• C) ($8000)
• D) $1800

Identify the key elements and players in the venture capital ecosystem.

Recognize the various stages of venture capital funding and investment process.

Understand the different types of financing available to startups and companies.

Grasp the role and expectations of angel investors in startup financing.

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Definitions:

Net Income

The total profit of a company after all expenses and taxes have been deducted from revenue.

Investing Activities

Financial activities related to the acquisition and disposal of long-term assets and other investments not included in cash equivalents.

Net Cash Provided

The total amount of cash generated by a company's operations, investments, and financing activities within a specific time frame.

Cash Dividends

Payments made by a company out of its earnings to its shareholders, often distributed on a regular basis.