Last year Sheeder Company's cash account decreased by $10,000. Net cash flows from investing activities were $19,000. Net cash flows from financing activities were $(17,000). On the statement of cash flows, the net cash flows from operating activities were

Question

Quizplus · Accepted Answer

The decrease in cash account is $10,000. Net cash flows from investing activities were $19,000, and from financing activities were $(17,000). Therefore, net cash flows from operating activities = Decrease in cash - Investing cash flows - Financing cash flows = -$10,000 - $19,000 + $17,000 = -$12,000.

Last Year Sheeder Company's Cash Account Decreased by $10,000