Last year Frye Company's cash account increased by $17,000. Net cash flows from investing activities were ($40,000). Net cash flows from financing activities were $2,000. On the statement of cash flows, the net cash flows from operating activities were

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The net cash flows from operating activities can be calculated by adding the net increase in cash ($17,000) to the net cash outflows from investing activities ($40,000) and then adding the net cash inflows from financing activities ($2,000). This results in $17,000 + $40,000 + $2,000 = $59,000, not $55,000 as initially calculated. My previous explanation contained a calculation error. The correct calculation to find the net cash flows from operating activities should start with the net increase in cash and adjust for the other components properly. However, given the options provided and the error in calculation, none of the options accurately reflects the correct calculation based on the provided explanation. The correct approach to find the net cash flow from operating activities would involve accurately accounting for the increases and decreases in cash from all activities, but with the given numbers and acknowledging the mistake in the initial calculation, a reevaluation of the provided options and the correct calculation is necessary.

Last Year Frye Company's Cash Account Increased by $17,000