McCorey Corporation Recorded the Following Events Last Year: on the Statement

question 24

Multiple Choice

McCorey Corporation recorded the following events last year: On the statement of cash flows, some of these events are classified as operating activities, some are classified as investing activities, and some are classified as financing activities. Based solely on the information above, the net cash provided by (used in) financing activities on the statement of cash flows would be:

• A)($70,000)
• B)$70,000
• C)($130,000)
• D)$130,000

---

Definitions:

Redundant Outcome

A result or conclusion that is unnecessarily repetitive or more than what is needed, often without adding value.

Observable Communication

The aspects of communication that can be seen or heard directly, such as body language or tone of voice.

Repetitive Loop

A cycle of repeated actions, behaviors, or thoughts that individuals or systems may become stuck in, making it difficult to progress or change.

Nonintimate-aggressive Relationships

Relationships characterized by a lack of closeness or affection, combined with hostile or aggressive interactions.