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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