In Preparing Its Cash Flow Statement for the Year Ended

question 79

Multiple Choice

In preparing its cash flow statement for the year ended December 31,2016,Green Co.gathered the following data:
In its December 31,2016,statement of cash flows,what amount should Green report as net cash from financing activities?

• A)$40,000.
• B)$54,000.
• C)$60,000.
• D)$74,000.

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Definitions:

Business-Hour Usage

The utilization of services, resources, or facilities during the established operational hours of a business.

Long-Distance

a term used to describe an extensive physical distance or a communication method over such distances.

Overtime Rate

The rate of pay for hours worked in excess of the standard working hours.

Forty-Hour Week

A standard workweek duration in many countries, typically comprising five eight-hour days.