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Net cash provided by operating activities for the year ended December 31, 2022, was $125,800. The cash balance on December 31, 2022, was $68,200. The net decrease in cash for the year was $39,700. Net cash used by financing activities was $49,900. Required: Calculate net cash provided (used) by investing activities for the year ended

Net cash provided by operating activities for the year ended December 31, 2022, was $125,800. The cash balance on December 31, 2022, was $68,200. The net decrease in cash for the year was $39,700. Net cash used by financing activities was $49,900. Required: Calculate net cash provided (used) by investing activities for the year ended

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Mini-Exercise 9-5 (Algo) Statement of cash flows relationships LO 9-9 Net cash provided by operating activities for the year ended December 31, 2022, was $125,800. The cash balance on December 31, 2022, was $68,200. The net decrease in cash for the year was $39,700. Net cash used by financing activities was $49,900. Required: Calculate net cash provided (used) by investing activities for the year ended December 31, 2022, and the January 1, 2022, cash balance. Note: Amounts to be deducted should be indicated with a minus sign. Cash balance, January1, 2022 Cash balance, December 31, 2022
Transcribed Image Text:Mini-Exercise 9-5 (Algo) Statement of cash flows relationships LO 9-9 Net cash provided by operating activities for the year ended December 31, 2022, was $125,800. The cash balance on December 31, 2022, was $68,200. The net decrease in cash for the year was $39,700. Net cash used by financing activities was $49,900. Required: Calculate net cash provided (used) by investing activities for the year ended December 31, 2022, and the January 1, 2022, cash balance. Note: Amounts to be deducted should be indicated with a minus sign. Cash balance, January1, 2022 Cash balance, December 31, 2022
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