The Amount of Cash Inflow from Financing Activities on the 12/31/2013

question 73

Multiple Choice

The amount of cash inflow from financing activities on the 12/31/2013 statement of cash flows would be:

• A)$40,000.
• B)$0.
• C)$41,500.
• D)$43,600.

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Definitions:

Straight-Line Depreciation

A method of allocating the cost of a tangible asset over its useful life in an equal amount per year.

Yearly Depreciation Expense

The allocation of the cost of a tangible asset over its useful life on an annual basis.

Depreciable Cost

The cost of a fixed asset minus its salvage value, representing the total amount that can be depreciated over its useful life.

Straight-Line

A method of calculating depreciation or amortization that allocates an equal portion of an asset's cost to each period of its useful life.