Last year Rayne Corporation's cash account decreased by $30,000. Net cash provided by investing activities was $7,500. Net cash used in financing activities was $14,000. On the statement of cash flows, the net cash flow provided by (used in) operating activities was:
Last year Rayne Corporation's cash account decreased by $30,000. Net cash provided by investing activities was $7,500. Net cash used in financing activities was $14,000. On the statement of cash flows, the net cash flow provided by (used in) operating activities was:
Financial Accounting
14th Edition
ISBN:9781305088436
Author:Carl Warren, Jim Reeve, Jonathan Duchac
Publisher:Carl Warren, Jim Reeve, Jonathan Duchac
Chapter16: Statement Of Cash Flows
Section: Chapter Questions
Problem 21E
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Last year Rayne Corporation's cash account decreased by $30,000. Net cash provided by investing activities was $7,500. Net cash used in financing activities was $14,000. On the statement of
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