Kaze Corporation's cash and cash equivalents consist of cash and marketable securities. Last year the company's cash account increased by $25,000 and its marketable securities account decreased by $15,000. Net cash provided by (used in) operating activities was $38,000. Net cash provided by (used in) investing activities was $9,000. Based on this information, the net cash provided by (used in) financing activities on the statement of cash flows was:

Question

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The net change in cash and cash equivalents is $25,000 - $15,000 = $10,000. The net cash provided by (used in) operating activities is $38,000 and the net cash provided by (used in) investing activities is $9,000. Therefore, the net cash provided by (used in) financing activities is $10,000 - $38,000 - $9,000 = $(37,000).

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