Alton Baker Company's balance sheet indicated that the cash account increased by $15,120 during the past year.Net cash provided by operating activities was $39,200 and net cash used in investing activities was $17,080.What was the net cash flow effect of the company's financing activities?
A) Net cash provided of $7,000.
B) Net cash used of $7,000.
C) Net cash used of $41,160.
D) Net cash provided of $41,160.
Correct Answer:
Verified
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