Question

Robin Hood's statement of cash flows contained the following: Cash flows from operating activities in the amount of $29,400 Cash flows from investing activities in the amount of $30,400 Cash flows from (used by) financing activities in the amount of ($44,600) What was Robin Hood's change in cash for the period

Answer 1

Answer:

$15,200 increase

Explanation:

Robin Hood change in cash for the period is computed as;

= Cash flow from operating activities + Cash flow from investing activities - Cash used in financing activities

= $29,400 + $30,400 - $44,600

= $15,200

Robin Hood change in cash for the period is $15,200 increase