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

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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Asap The following information is available from the current period financial statements: Net income $126,307 Depreciation expense 23,648 Increase in accounts receivable 16,473 Decrease in accounts payable (19,595) The net cash flows from operating activities using the indirect method is a.$126,307 b.$113,887 c.$66,591 d.$186,023
Please show working.
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H2.
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