If cash from operating activities was $33,000, cash used for investing activities was ($53,000)and the net change in cash was $61,200, what was cash from/used for financing activities?
A)($114,200)
B)$33,000
C)$61,200
D)$81,200

Question

Quizplus · Accepted Answer

Using the formula: 
Net change in cash = cash from operating activities + cash from investing activities + cash from financing activities
$61,200 = $33,000 + (-$53,000) + cash from financing activities
$61,200 = -$20,000 + cash from financing activities
Cash from financing activities = $81,200

If Cash from Operating Activities Was $33,000, Cash Used for Investing