The Following Transactions Occurred Last Year at Berry Inc

question 79

Multiple Choice

The following transactions occurred last year at Berry 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) $31,000.
• B) $59,000.
• C) $96,000.
• D) $79,000.

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Definitions:

Least-squares Regression

A statistical method used to determine the line of best fit by minimizing the sum of squares of the errors between the observed and predicted values.

Variable Cost

Costs that change in proportion to the level of activity or production volume.

Relevant Range

Relevant Range is the span of activity volume in which the assumptions about fixed and variable cost behavior are valid.

Variable Cost

Costs that vary directly with the level of production or business activity.