Partin Corporation's cash and cash equivalents consist of cash and marketable securities. Last year the company's cash account increased by $31,000 and its marketable securities account decreased by $22,000. Net cash provided by (used in) operating activities was $108,000. Net cash provided by (used in) financing activities was $(70,000). Based on this information, the net cash provided by (used in) investing activities on the statement of cash flows was: Garrison 16e Rechecks 2017-11-18

Question

Quizplus · Accepted Answer

To calculate the net cash provided by (used in) investing activities, we can use the formula: 
Net Cash provided by (used in) investing activities = Change in cash and cash equivalents - Net cash provided by (used in) operating activities - Net cash provided by (used in) financing activities 
Plugging in the numbers, we get: 
Net cash provided by (used in) investing activities = (31,000 - (-22,000)) - 108,000 - (-70,000) 
Net cash provided by (used in) investing activities = $9,000 - 38,000 
Net cash provided by (used in) investing activities = ($29,000) 
Therefore, the answer is (B) ($29,000).

Partin Corporation's Cash and Cash Equivalents Consist of Cash and Marketable