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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.

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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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.

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