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Nelson Corporation has the following information available for 2011: Cash balance on 1/1/2011$6,000 Cash balance on 12/31/201110,000 Net cash provided by operating activities150,000 Net cash
Nelson Corporation has the following information available for 2011:
Cash balance on 1/1/2011$6,000
Cash balance on 12/31/201110,000
Net cash provided by operating activities150,000
Net cash utilized by investing activities160,000
The financing activity section of Nelson's statement of cash flows would show:
Select one:
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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