Question

Bagrov Corporation had a net decrease in cash of $14,500 for the current year. Net cash used in investing activities was $56,500 and net cash used in financing activities was $42,500. What amount of cash was provided (used) in operating activities?
A) $(14,500) used.
B) $(84,500) used.
C) $84,500 provided.
D) $113,500 provided.
E) $(113,500) used.

Answer 1

Answer:

C) $84,500

Explanation:

Cash flow Statement

                                                                        $

Cash flow from Operating activities            xxx

Cash flow from Investing activities              xxx

Cash flow from Financing activities            xxx        

Net Cash flow: Inflow/(Outflow)                    xxx

                                                                        $

Cash flow from Operating activities             x          

Cash flow from Investing activities           -56,500    

Cash flow from Financing activities         -42,500  

Net Cash flow: Inflow/(Outflow)                  -14,500

x -56,500 - 42,500 = -14,500

x = 56,500 + 42,500 - 14,500

x = 84,500