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.
Correct Answer:
Verified
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