Rico's Taqueria had cash inflows from operating activities of $27,000;cash outflows from investing activities of $22,000,and cash outflows from financing activities of $12,000.Calculate the net increase or decrease in cash.
A)$61,000 increase.
B)$37,000 increase.
C)$7,000 decrease.
D)$7,000 increase.
E)$34,000 decreasE.Net Increase/(Decrease)in Cash = Cash Flows from Operating Activities + Cash Flows from Investing Activities + Cash Flows from Financing Activities

Question

Quizplus · Accepted Answer

Net Increase/(Decrease)in Cash = Cash Flows from Operating Activities + Cash Flows from Investing Activities + Cash Flows from Financing Activities
Net Increase/(Decrease)in Cash = $27,000 - $22,000 - $12,000 = $-7,000
Therefore, the net increase in cash is a decrease of $7,000. Option C is the correct answer.

Rico's Taqueria Had Cash Inflows from Operating Activities of $27,000;cash