[The Following Information Applies to the Questions Displayed Below

question 29

Multiple Choice

[The following information applies to the questions displayed below.]
During the month of August,Boyce Company had the following transactions:
(1) Revenues of $120,000 were earned and received in cash.
(2) Bank loans of $18,000 were paid off.
(3) Equipment of $40,000 was purchased with cash.
(4) Expenses of $73,600 were paid.
(5) Stockholders purchased additional shares for $44,000 cash.
-A statement of cash flows for August would report net cash flows from financing activities of:

• A)$40,000.
• B)$26,000.
• C)$46,400.
• D)$32,400.

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Definitions:

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A manufacturing process in which parts are added to a product in a sequential manner using a combination of human and automated processes to complete the product.

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Labour

The human effort, whether physical or mental, contributed towards the production of goods or services in an economy.