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Cochrane, Inc. had $75,000 in cash on the balance sheet at the end of 2001. At year-end 2002, the company had $155,000 in cash. We
Cochrane, Inc. had $75,000 in cash on the balance sheet at the end of 2001. At year-end 2002, the company had $155,000 in cash. We know cash flow from operating activities totaled $1,250,000 and cash flow from long-term investing activities totaled -$1,000,000. Furthermore, Cochrane issued $250,000 in long-term debt last year to fund new projects, increase liquidity, and to buy back some common stock.
Cochrane's financing activities totaled*
A. ($80,000)
B. $80,000
C. $170,000
d. ($170,000)
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