Answer:
-$200,000
Explanation:
The cash balance in the cash account at the end of the year is shown by the formula below:
Cash balance at the end of the year=cash flows from operations+cash flow investing activities+cash flows from financing activities+beginning cash balance
Cash balance at the end of the year=$72,000
cash flows from operations=X
cash flow investing activities=$85,000
cash flows from financing activities= $93,000
beginning cash balance=$94,000
cash flow investing activities+cash flows from financing activities+beginning cash balance=$85,000+$93,000+$94,000=$272,000
$72,000=X+$272,000
The above shows that cash flows from operations is a cash outflow not an inflow
X=$72,000-$272,000=-$200,000
