If cash from operations was $48,000,cash used for investing activities was ($88,000)and the net change in cash was $96,000,what was cash from/used for financing activities?

Question

Quizplus · Accepted Answer

Using the formula: 
Net Change in Cash = Cash from Operations + Cash from Investing Activities + Cash from Financing Activities

Substituting the given values: 
$96,000 = $48,000 - $88,000 + Cash from Financing Activities

Solving for Cash from Financing Activities: 
Cash from Financing Activities = $96,000 + $88,000 - $48,000 
Cash from Financing Activities = $136,000

Therefore, the correct answer is C) $136,000.

If Cash from Operations Was $48,000,cash Used for Investing Activities