Kaze Corporation's cash and cash equivalents consist of cash and marketable securities. Last year the company's cash account increased by $25,000 and its marketable securities account decreased by $15,000. Net cash provided by (used in) operating activities was $38,000. Net cash provided by (used in) investing activities was $9,000. Based on this information, the net cash provided by (used in) financing activities on the statement of cash flows was O $(47,000). O $47,000. O $(37,000). O $37,000.
Kaze Corporation's cash and cash equivalents consist of cash and marketable securities. Last year the company's cash account increased by $25,000 and its marketable securities account decreased by $15,000. Net cash provided by (used in) operating activities was $38,000. Net cash provided by (used in) investing activities was $9,000. Based on this information, the net cash provided by (used in) financing activities on the statement of cash flows was O $(47,000). O $47,000. O $(37,000). O $37,000.
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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![Kaze Corporation's cash and cash equivalents consist of cash and marketable
securities. Last year the company's cash account increased by $25,000 and its
marketable securities account decreased by $15,000. Net cash provided by (used in)
operating activities was $38,000. Net cash provided by (used in) investing activities
was $9,000. Based on this information, the net cash provided by (used in) financing
activities on the statement of cash flows was
$(47,000).
O
$47,000.
$(37,000).
$37,000.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fff3c822f-ba0c-45ea-b1fb-317844b85f73%2Ff9f669c0-e9ee-4541-9597-18b73404ccdc%2Fc4e476_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Kaze Corporation's cash and cash equivalents consist of cash and marketable
securities. Last year the company's cash account increased by $25,000 and its
marketable securities account decreased by $15,000. Net cash provided by (used in)
operating activities was $38,000. Net cash provided by (used in) investing activities
was $9,000. Based on this information, the net cash provided by (used in) financing
activities on the statement of cash flows was
$(47,000).
O
$47,000.
$(37,000).
$37,000.
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