The statement of cash flows for the Halyard Exploration Company reported the following:
|
Cash paid for equipment |
$300,000 |
|
Cash paid to employees |
400,000 |
|
Cash paid to owners |
150,000 |
|
Cash paid to suppliers |
560,000 |
|
Cash received from creditors |
200,000 |
|
Cash received from customers |
1,200,000 |
What were Halyard’s net cash flows from operating, investing, and financing activities?
|
Operating |
Investing |
Financing |
|
a. $240,000 |
($300,000) |
$50,000 |
|
b. $500,000 |
($860,000) |
$200,000 |
|
c. $640,000 |
($860,000) |
$200,000 |
|
d. $240,000 |
($860,000) |
$200,000 |