Statement of Cash Flows In 2008, Upper Crust had cash flows from investing activities of ($250,000) and cash flows from financing activities of ($150,000). The balance in the firm's cash account was $90,000 at the beginning of 2008 and $105,000 at the end of the year. What was Upper Crust's cash flow from operations for 2008?
A) $15,000
B) $105,000
C) $400,000
D) $415,000

Question

Quizplus · Accepted Answer

The change in cash is $105,000 - $90,000 = $15,000. The cash flow from operations is calculated as the change in cash minus cash flows from investing and financing: $15,000 - (-$250,000) - (-$150,000) = $415,000.

Statement of Cash Flows in 2008, Upper Crust Had Cash