Dow Construction Company reports a net use of cash for investing activities of $1.2 million and a net source of cash provided by financing of $.8 million. What was the effect on the cash balance?
A) To cause the balance to decrease by $.4 million.
B) To cause the balance to increase by $.8 million.
C) To cause the balance to increase by $.4 million.
D) Undeterminable because the beginning cash balance was not given.
Correct Answer:
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