Zippy had cash inflows from operations $60,500; cash outflows from investing activities of $47,000; and cash inflows from financing of $25,000.The net change in cash was:
A)$38,500 increase.
B)$38,500 decrease.
C)$132,500 decrease.
D)$132,000 increase.
E)$11,500 decrease.

Question

Quizplus · Accepted Answer

Net change in cash = cash inflows from operations - cash outflows from investing activities + cash inflows from financing activities
Net change in cash = $60,500 - $47,000 + $25,000
Net change in cash = $38,500 increase

Zippy Had Cash Inflows from Operations $60,500; Cash Outflows from Investing