Hello, I need help solving this question: Nelson Corporation has the following information available for 2011: Cash
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Question:
Hello, I need help solving this question:
Nelson Corporation has the following information available for 2011:
Cash balance on 1/1/2011 $6,000
Cash balance on 12/31/2011 $10,000
Net cash provided by operating activities $150,000
Net cash utilized by investing activities $160,000
The financing activity section of Nelson's statement of cash flows would show:
a.net cash provided by financing activities of $10,000.
b.net cash utilized by financing activities of $4,000.
c.net cash utilized by financing activities of $6,000.
d.net cash provided by financing activities of $14,000.
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