In preparing its cash flow statement for the year ended December 31, 2004, Giant Corporation collected the following data:
In its December 31, 2004, statement of cash flows, what amounts should Giant report as net cash used in investing activities and net cash used in financing activities Investing Activities Financing Activities()
A. $178000 - $ 38000
B. $170000 $ 37000
C. $170000 - $ 38000
参考答案:B
解析:
Investing Activities: $10000 -$180000=-$170000 cash flow from investing or $170000 used. Financing Activities: $ 38000-$ 75000=-$ 37000 cash flow from financing or $ 37000 used. Note that the question asked for net cash used therefore this is a positive cash outflow.