Question

Bagrov Corporation had a net decrease in cash of $17,000 for the current year. Net cash used in investing activities was $59,000 and net cash used in financing

activities was $45,000. What amount of cash was provided (used) in operating activities?

Answer 1

Answer:

Cash provided under operating activities= $87,000

Explanation:

The cash flow statement is that which provides information on the source(s) of use of cash generated by the business. It provides the information into there activities of operating, investing and financing.

The net cash position= Cash from operating + investing + financing

let the cash from operating be represented by y

-17,000 = y-59,000 -45,000

y =-17,000+59,000 +45,000

y=87 ,000

Cash provided under operating activities= $87,000