The following information was available for Prescott Inc.for 2014. $\begin{array}{ll}
\text { Cash inflows from financing activities } & \$ 225,000 \
\text { Cash outflows from investing activities } & \$ 415,000\
\text { Change in cash for the year }&\$(17,500)
\end{array}$ What were Prescott's cash flows from operations for 2014?

Question

Quizplus · Accepted Answer

To find the cash flows from operations, we use the formula: Change in cash = Cash flows from operations + Cash inflows from financing activities - Cash outflows from investing activities. Plugging in the given values: $-17,500 = Cash flows from operations + 225,000 - 415,000$. Solving for Cash flows from operations gives us $172,500 inflow.

The Following Information Was Available for Prescott Inc What Were Prescott's Cash Flows from Operations for 2014? A)$207,500

The Following Information Was Available for Prescott Inc What Were Prescott's Cash Flows from Operations for 2014?
A)$207,500