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Maze Company's cash and cash equivalents consist of cash and marketable securities. Last year the company's...

Maze Company's cash and cash equivalents consist of cash and marketable securities. Last year the company's cash account increased by $24,000 and its marketable securities account decreased by $16,000. Cash provided by operating activities was $40,000. Net cash used in financing activities was $39,000. Based on this information, the net cash flow from investing activities on the statement of cash flows was:

a.

a net $9,000 increase.
b.

a net $23,000 increase.
c.

a net $39,000 increase.
d.

a net $7,000 increase.
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Answer #1
Change in Cash & Cash Equivalents:
Increase in Cash 24000
Decrease in Marketable Securities -16000
Net Change in Cash & Cash Equivalents 8000
A Cash Provided by Operating Activities 40000
B Cash Provided/Used by Investing Activities X (to find)
C Cash Used by Financing Activities -39000
A+B+C Net Change in Cash & Cash Equivalents 8000
40000+X-39000 8000
1000+X 8000
Cash Provided by Investing Activities 7000
Answer is a Net $7000 Increase
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