On a statement of cash flows prepared in conformity with GAAP, which of the following would not be included as a financing activity?

a.Dividends paid to shareholders

b.Cash received from the issuance of common stock

c. Dividends received from an investment

d. Cash used to repay a loan

Bob, a consultant, keeps his accounting records on a cash basis. During the current year, Bob collected $200,000 in fees from clients. At December 31st of the previous year, Bob had accounts receivable of $40,000. At December 31st of the current year, Bob had accounts receivable of $60,000, and unearned fees of $5,000. On an accrual basis, what was Bobs service revenue for the current year?

a. $180,000

b. $215,000

c. $225,000

d. $175,000