Last year Burch Corporation\'s cash account decreased by $24,000. Net cash provi
ID: 2588666 • Letter: L
Question
Last year Burch Corporation's cash account decreased by $24,000. Net cash provided by investing activities was $7,900. Net cash used in financing activities was $21,500. On the statement of cash flows, the net cash flow provided by (used in) operating activities was:
$(10,400)
$(24,000)
$(37,600)
$13,600
Last year Burch Corporation's cash account decreased by $24,000. Net cash provided by investing activities was $7,900. Net cash used in financing activities was $21,500. On the statement of cash flows, the net cash flow provided by (used in) operating activities was:
Explanation / Answer
Net cash from operating activities(balance)(24000-21500+7900) $(10400) Net cash from investing activities 7900 Net cash from financing activities (21500) Net Decrease in cash (24000)
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