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Pacifica Company Recorded the Following Cash Transactions for the Year

Question 177

Multiple Choice

Pacifica Company recorded the following cash transactions for the year: Paid $255000 for salaries.
Paid $60000 to purchase equipment.
Collected $7200 from the sale of investments
Repaid $48000 of loan principle
Paid $220000 for other operating expenses.
Paid $112000 in dividends.
Collected $652000 from customers.
What was Pacifica's net cash provided (used) by financing activities?


A) $48000
B) ($52800)
C) ($152800)
D) ($160000)

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