Bardell,Inc.prepared its statement of cash flows for the year.The following information is taken from that statement: What is the amount of net cash provided by (used in)financing activities?
A)$30,800
B)($6,600)
C)($30,800)
D)$6,600

Question

Bardell,Inc.prepared its statement of cash flows for the year.The following information is taken from that statement:  What is the amount of net cash provided by (used in)financing activities?
A)$30,800 
B)($6,600) 
C)($30,800) 
D)$6,600

Quizplus · Accepted Answer

Ending cash - Beginning cash = Change in cash
$18,200 − $11,600 = $6,600
Change in cash = Net cash provided by (used in)operating activities + Net cash provided by (used in)investing activities + Net cash provided by (used in)financing activities
Net cash provided by (used in)financing activities = Change in cash − Net cash provided by (used in)operating activities − Net cash provided by (used in)investing activities
= $6,600 − $29,000 − $8,400 = ($30,800)