If $31,000 net cash was used in operations, $12,000 was used for investing activities, and $25,000 was provided by financing activities, the cash balance would:

A) increase by $18,000.
B) decrease by $18,000.
C) increase by $68,000.
D) increase by $25,000.

Question

Alexia Castro · Accepted Answer

Final Answer : B, Explanation :  The cash balance would decrease by $18,000 because the net cash used in operations ($31,000) and investing activities ($12,000) totals $43,000, while the cash provided by financing activities is $25,000. The net change is $25,000 - $43,000 = -$18,000.

If $31,000 net cash was used in operations, $12,000 was used for investing activities, and $25,000 was provided by financing activities, the cash balance would:

A) increase by $18,000.
B) decrease by $18,000.
C) increase by $68,000.
D) increase by $25,000.

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Learning Objectives

Related questions

If $31,000 net cash was used in operations, $12,000 was used for investing activities, and $25,000 was provided by financing activities, the cash balance would:A) increase by $18,000.B) decrease by $18,000.C) increase by $68,000.D) increase by $25,000.

Definitions

Learning Objectives

Learning Objectives

Related questions

If $31,000 net cash was used in operations, $12,000 was used for investing activities, and $25,000 was provided by financing activities, the cash balance would:

A) increase by $18,000.
B) decrease by $18,000.
C) increase by $68,000.
D) increase by $25,000.