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If $34,500 was generated from operations, $22,800 was used for investing activities, and $5,300 was provided by financing activities, the cash balance would: A. increase by $23,000. B. increase by $17,000. C. increase by $10,000. D. decrease by $20,000.

If $34,500 was generated from operations, $22,800 was used for investing activities, and $5,300 was provided by financing activities, the cash balance would: A. increase by $23,000. B. increase by $17,000. C. increase by $10,000. D. decrease by $20,000.

Managerial Accounting: The Cornerstone of Business Decision-Making
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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If $34,500 was generated from operations, $22,800 was used for investing activities, and $5,300 was provided by financing activities, the cash balance would: A. increase by $23,000. B. increase by $17,000. C. increase by $10,000. D. decrease by $20,000.
Transcribed Image Text:If $34,500 was generated from operations, $22,800 was used for investing activities, and $5,300 was provided by financing activities, the cash balance would: A. increase by $23,000. B. increase by $17,000. C. increase by $10,000. D. decrease by $20,000.
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