In a recent year, Quantum Logic Corp. reported: • Cash provided by operating activities: $265,000,000 • Cash used in investing activities: $210,000,000 • Cash used in financing activities: $40,000,000 • • In addition, cash spent on fixed assets during the year was $140,000,000 (included in investing activities). No dividends were paid. What was the net change in cash during the year?

In a recent year, Quantum Logic Corp. reported: • Cash provided by operating activities: $265,000,000 • Cash used in investing activities: $210,000,000 • Cash used in financing activities: $40,000,000 • • In addition, cash spent on fixed assets during the year was $140,000,000 (included in investing activities). No dividends were paid. What was the net change in cash during the year?

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter21: The Statement Of Cash Flows

Section: Chapter Questions

Problem 5RE: In the current year, Harrisburg Corporation had net income of 35,000, a 9,000 decrease in accounts...

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