Robin Hood's statement of cash flows contained the following: Cash flows from operating activities in the amount of $34,800
Cash flows from investing activities in the amount of $36,000
Cash flows from (used by)financing activities in the amount of ($54,000)
What was Robin Hood's change in cash for the period?

Question

Quizplus · Accepted Answer

Change in Cash = Cash provided by (used in)operating activities + Cash provided by (used in)investing activities + Cash provided by (used in)financing activities
= $34,800 + $36,000 − $54,000 = $16,800

Robin Hood's Statement of Cash Flows Contained the Following: Cash