If $27,000 was generated from operations, $15,000 was used for investing activities, and $11,000 was provided by financing activities, the cash balance would: A. increase by $23,000. B. increase by $14,000. C. increase by $10,000. D. decrease by $20,000.

If $27,000 was generated from operations, $15,000 was used for investing activities, and $11,000 was provided by financing activities, the cash balance would: A. increase by $23,000. B. increase by $14,000. C. increase by $10,000. D. decrease by $20,000.

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter14: Statement Of Cash Flows

Section: Chapter Questions

Problem 21BEA: Swasey Company earned net income of 1,800,000 in 20X2. Swasey provided the following information:...

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Question

By financial activities, the cash balance increase or decrease??

If $27,000 was generated from operations, $15,000 was
used for investing activities, and $11,000 was provided
by financing activities, the cash balance would:
A. increase by $23,000.
B. increase by $14,000.
C. increase by $10,000.
D. decrease by $20,000.

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