The Statement of Cash Flows for the current year contained the following:

The change in cash for the current year was an increase of $14,000.
-Use the information above to answer the following question.What was the amount of cash flows from (used in)operating activities?

Question

The Statement of Cash Flows for the current year contained the following:
  
The change in cash for the current year was an increase of $14,000.
-Use the information above to answer the following question.What was the amount of cash flows from (used in)operating activities?

Quizplus · Accepted Answer

Net income + depreciation and amortization - change in working capital = cash flows from operating activities$20,000 + $10,000 - $5,000 = $25,000

The Statement of Cash Flows for the Current Year Contained