If a company reported net income for the year of $180,000, cash from operating activities of $110,000, cash from financing activities of $240,000, and cash used in investing activities of $360,000, what was the net change in cash for the year? Question 12 options: Increase of $170,000 Decrease of $170,000 Decrease of $10,000 Increase of $190,000
If a company reported net income for the year of $180,000, cash from operating activities of $110,000, cash from financing activities of $240,000, and cash used in investing activities of $360,000, what was the net change in cash for the year?
Question 12 options:
|
|
Increase of $170,000 |
|
|
Decrease of $170,000 |
|
|
Decrease of $10,000 |
|
|
Increase of $190,000 |
Puddycat Ltd. had the following activity during 2021:
Proceeds from the sale of non-current investments: $156,000
Gain on the sale of non-current investments: $16,000
Proceeds from the sale of
Repayment of long-term debt: $30,000
Increase in income taxes payable: $25,000
What is the cash flow provided by (used in) financing activities?
Question 13 options:
|
|
$212,000 |
|
|
$177,000 |
|
|
$152,000 |
|
|
$140,000 |
Step by step
Solved in 2 steps
