Question & Answer: The statement of cash flows for a company contained t…..

The statement of cash flows for a company contained the following:

Cash flows from (used in) operating activities in the amount of

30,900

Cash flows from (used in) investing activities in the amount of

31,900

Cash flows from (used in) financing activities in the amount of

43,100

)

What was the change in cash for the period?

Expert Answer

Change in cash for the period = Cash flows from operating activities + Cash flows from investing activities – Cash flows used in financing activities

Change in cash for the period = $30,900 + $31,900 – $43,100 = $19,700

Hence, answer is Increase of $19,700

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