The Following Events Occurred Last Year for the Bronze Company

question 91

Multiple Choice

The following events occurred last year for the Bronze Company:
Considering only the above transactions, the net cash flow from financing activities on the statement of cash flows was:

• A) $25,000.
• B) $30,000.
• C) $76,000.
• D) $43,000.

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Definitions:

Fixed Costs

Costs that do not change with the amount of goods or services produced over the short term.

Fixed Assets

Long-term tangible assets held for business use and not expected to be converted into cash in the upcoming fiscal year, such as buildings, machinery, and equipment.

Variable Costs

Costs that vary directly with the level of production or volume of services provided, including materials and labor, contrasting with fixed costs.

Fixed Costs

Expenses that do not change with the level of production or sales, such as rent or salaries.