FastForward Had Cash Inflows from Operations of $62,500; Cash Outflows

question 44

Multiple Choice

FastForward had cash inflows from operations of $62,500; cash outflows from investing activities of $47,000; and cash inflows from financing of $25,000.The net change in cash was:

• A)$40,500 increase
• B)$40,500 decrease
• C)$134,500 decrease
• D)$134,000 increase
• E)$9,500 increase

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Definitions:

Chart of Accounts

An organized list of all ledger account titles and numbers used by a company, detailing all transactions' recording places.

General Ledger

A comprehensive record of all financial transactions of a company, systematically organized by accounts.

Net Income

The remaining earnings of a company following the deduction of all expenses and taxes from its total income.

Deferred Revenue

Income received by a company for goods or services yet to be delivered or performed, recorded as a liability on the balance sheet.