The Following Transactions Were Made by Ruby Inc

question 148

Multiple Choice

The following transactions were made by Ruby Inc.last year:
Based solely on the above information, net cash flow from financing activities for the year on the statement of cash flows would be:

• A) $58,000.
• B) ($150,000).
• C) ($67,000).
• D) $29,000.

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Definitions:

Payor Bank

A bank that is responsible for paying a check or draft drawn upon it by its customer.

Certified Checks

Checks guaranteed by a bank, verifying that there is sufficient funds available in the issuer's account to cover the check.

Teller's Checks

A bank-issued check drawn on the bank's own funds and signed by a teller, typically used when someone needs to guarantee payment.

Refuse

To decline to accept or to reject.