Question

Last year Burch Corporation's cash account decreased by $16,000. Net cash provided by (used in) investing...

Last year Burch Corporation's cash account decreased by $16,000. Net cash provided by (used in) investing activities was $7,100. Net cash provided by (used in) financing activities was $(14,000). On the statement of cash flows, the net cash provided by (used in) operating activities was:

A) $(9,100)

B) $(16,000)

C) $(22,900)

D) $6,900

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Homework Answers

Answer #1
  • Note: “Decrease” and cash “used by” is denoted by a ‘minus’ sign for calculation.
  • Net Cash Decrease in Cash = Net Cash provided (used) by Operating activities + Net Cash provided (used) by Investing activities + Net Cash provided (used) by Financing activities.

-16000 = Net Cash provided (used) by Operating activities + 7100 – 14000

-16000 – 7100 + 14000 = Net Cash provided (used) by Operating activities

$ (9,100) = Net Cash provided (used) by Operating activities.

  • Correct Answer = Option ‘A’ $ (9,100)
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