Serfleck Company Reports the Following Data for the Year Ending

question 43

Multiple Choice

Serfleck Company reports the following data for the year ending December 31,2019: There were no retirements of common stock in 2019.On the statement of cash flows (indirect method) ,what is the net cash provided by financing activities for the year ending December 31,2019?

• A)$31,000
• B)$39,000
• C)$43,000
• D)$35,000

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Definitions:

Goods and Services

Physical items (goods) and intangible benefits (services) that fulfill human wants or needs.

Factors of Production

Resources used in the production of goods and services, traditionally categorized as land, labor, capital, and entrepreneurship.

Circular-Flow Diagram

An illustrative depiction of the economy, highlighting the movement of currency among firms and households within different markets.

Goods and Services

Products and activities that fulfill the needs or desires of consumers, with goods being tangible objects and services being intangible activities.