Slater Company prepares its statement of cash flows using the indirect method and provided the following information for the year 2018. • Net cash flows from operating activities: $32,000 positive • Net cash flows used for investing activities: $38,000 negative • Net cash flows used for financing activities: $9,000 negative How much was the net change in cash during the year based on the information given? a. $79,000 positive. b. $3,000 positive. c. $3,000 negative. d. $15,000 negative.
Slater Company prepares its statement of cash flows using the indirect method and provided the following information for the year 2018. • Net cash flows from operating activities: $32,000 positive • Net cash flows used for investing activities: $38,000 negative • Net cash flows used for financing activities: $9,000 negative How much was the net change in cash during the year based on the information given? a. $79,000 positive. b. $3,000 positive. c. $3,000 negative. d. $15,000 negative.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
100%
Slater Company prepares its statement of
• Net cash flows from operating activities: $32,000 positive
• Net cash flows used for investing activities: $38,000 negative
• Net cash flows used for financing activities: $9,000 negative
How much was the net change in cash during the year based on the information given?
a.
$79,000 positive.
b.
$3,000 positive.
c.
$3,000 negative.
d.
$15,000 negative.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education