The Following Transactions Occurred Last Year at Jogger Corporation

question 132

Multiple Choice

The following transactions occurred last year at Jogger Corporation: Based solely on the above information,the net cash provided by financing activities for the year on the statement of cash flows would be:

• A)$424,000
• B)($138,000)
• C)($1,000)
• D)$7,000

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Definitions:

Current Liabilities

Current liabilities are a company's debts or obligations that are due within one year.

Free Cash Flow

A financial metric that represents the amount of cash generated by a company after accounting for capital expenditures, essential for evaluating its liquidity, flexibility, and overall financial health.

Net Income

The total earnings of a company after subtracting all expenses, including taxes and operating expenses, from its total revenues.

Operating Costs

Expenses associated with the day-to-day operations of a business, including rent, utilities, payroll, and materials.