The statement of cash flows for a company contained the following:
-Cash flows from operating activities in the amount of $29,000
-Cash flows from investing activities in the amount of$30,000
-Cash flows from (used by)financing activities in the amount of ($45,000)
What was the change in cash for the period?

Question

Quizplus · Accepted Answer

The change in cash is calculated by adding the cash flows from operating activities and cash flows from investing activities, and then subtracting the cash flows from financing activities. In this case, the change in cash is $29,000 + $30,000 - $45,000 = $14,000.

The Statement of Cash Flows for a Company Contained the Following