Last year, BB Corporation's cash account decreased by $32,000. Net cash provided by investing activities was $10,500, and net cash used in financing activities was $26,500. On the statement of cash flows, the net cash flow provided by (used in) operating activities was (A) $(32,000) (B) $(49,000) (C) $(16,000) (D) $5,000
Last year, BB Corporation's cash account decreased by $32,000. Net cash provided by investing activities was $10,500, and net cash used in financing activities was $26,500. On the statement of cash flows, the net cash flow provided by (used in) operating activities was (A) $(32,000) (B) $(49,000) (C) $(16,000) (D) $5,000
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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Transcribed Image Text:Last year, BB Corporation's cash account decreased by
$32,000. Net cash provided by investing activities
was $10,500, and net cash used in financing activities
was $26,500. On the statement of cash flows, the net
cash flow provided by (used in) operating activities
was
(A) $(32,000)
(B) $(49,000)
(C) $(16,000)
(D) $5,000
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