Last year, Monroe Bro Products had $25,000 net cash provided by its operating activities.Its investing activities used $30,000, and its financing activities provided $10,000.Its cash and cash equivalents balance at the beginning of the year was $15,000.By how much did Monroe's cash and cash equivalents increase?
A)-$10,000
B)$0
C)$5,000
D)$15,000

Question

Quizplus · Accepted Answer

Cash increase = $25,000 - $30,000 + $10,000 = $5,000

Last Year, Monroe Bro Products Had $25,000 Net Cash Provided