Question

Delaware Coatings Company uses the indirect method to prepare its statement of cash flows. Refer to the following information for the year​ 2019:
Net cash provided by operating​ activities: $ 39 comma 000
Net cash used for investing​ activities: ​$(26 comma 000​)
Net cash provided by financing​ activities: $ 1 comma 400
What is the net change in cash during the​ year?

Answer 1

Answer:

$14,400

Explanation:

Given that,

Net cash provided by operating​ activities = $39,000

Net cash used for investing​ activities = $26,000

Net cash provided by financing​ activities = $1,400

The net change in cash during the​ year:

= Net cash provided by operating​ activities - Net cash used for investing activities + Net cash provided by financing activities

= $39,000 - $26,000 + $1,400

= $14,400