Sky Inc.'s financial statements show the following information:Net cash flows from operating activities 3,800Net cash flows used for investing activities 11,950 Net cash flows from financing activities 13,000 Ending cash balance as per the balance sheet23, 600Calculate the net increase or decrease in the cash balance for Sky.a. An increase of $4,850b. A decrease of $18,750c. A decrease of $4,850d. An increase of $18,750
Sky Inc.'s financial statements show the following information:Net cash flows from operating activities 3,800Net cash flows used for investing activities 11,950 Net cash flows from financing activities 13,000 Ending cash balance as per the balance sheet23, 600Calculate the net increase or decrease in the cash balance for Sky.a. An increase of $4,850b. A decrease of $18,750c. A decrease of $4,850d. An increase of $18,750
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter11: The Statement Of Cash Flows
Section: Chapter Questions
Problem 32BE
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