Marvel Shoes
Marvel Shoes reported the following items on its statement of cash flows for the current year:

$\begin{array}{lr}
\text { Net cash inflows from operating activities } & \$ 70,000 \
\text { Net cash out flows from investing activities } & (20,000) \
\text { Net cash outflows from financing activities } & (40,000) \
\text { Cash balance at the beginning of the year } & 30,000
\end{array}$
-Read the information about Marvel Shoes.What was the amount of net increase or decrease in the cash balance for Marvel Shoes for the current year?

Question

Marvel Shoes
Marvel Shoes reported the following items on its statement of cash flows for the current year:
​
 $\begin{array}{lr}
\text { Net cash inflows from operating activities } & \$ 70,000 \
\text { Net cash out flows from investing activities } & (20,000) \
\text { Net cash outflows from financing activities } & (40,000) \
\text { Cash balance at the beginning of the year } & 30,000
\end{array}$ ​
-Read the information about Marvel Shoes.What was the amount of net increase or decrease in the cash balance for Marvel Shoes for the current year?

Quizplus · Accepted Answer

The net increase in cash balance is calculated by adding the net cash inflows from operating activities ($70,000) to the net cash outflows from investing activities (-$20,000) and financing activities (-$40,000), which equals a $10,000 increase.

Marvel Shoes Marvel Shoes Reported the Following Items on Its

Marvel Shoes
Marvel Shoes Reported the Following Items on Its