Perez Biofuels Company Is Preparing Its Statement of Cash Flows

question 162

Multiple Choice

Perez Biofuels Company is preparing its statement of cash flows using the indirect method.Refer to the following information:
1.Repayments on Long-term Notes Payable $63,000
2.New borrowing on Long-term Notes Payable $19,000
Which of the following statements is correct?

• A)Net cash used for financing activities is $(44,000).
• B)Net cash used for investing activities will is $63,000.
• C)Net cash provided by financing activities is $44,000.
• D)Net cash provided by investing activities is to $44,000.

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Discouraged Workers

Individuals who are not actively looking for work because they believe no jobs are available for them or there are no jobs for which they would qualify.

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A type of unemployment that corresponds with the cyclical trends in growth and production that occur within the business cycle.

Labor Force

The total number of people available to work, including those currently employed and those actively seeking employment, within a particular economy.

Skills Demand

The requirement by employers for specific skills or qualifications from the workforce to fulfill job roles.