Hi expert please give me answer general accounting question Last year, Smith Corporation's cash account decreased by $35,000. Net cashused in investing activities was $15,000, and net cash provided by financingactivities was $30,000. What was the net cash flow provided by (used in)operating activities on the statement of cash flows?

Step 1: Definition of Cash Flow from Operating ActivitiesCash Flow from Operating Activities: This…

Answered: Last year, Smith Corporation's cash…

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter15: Statement Of Cash Flows

Section: Chapter Questions

Problem 19E

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Last year, Smith Corporation's cash account decreased by $35,000. Net cash used in investing activities was $15,000, and net cash provided by financing activities was $30,000. What was the net cash flow provided by (used in) operating activities on the statement of cash flows?