Bagrov Corporation had a net decrease in cash of $10,000 for the current year. Net cash used in investing activities was $52,000 and net cash used in financing activities was $38,000. What amount of cash was provided (used) in operating activities?
A) $80,000 provided.
B) $100,000 provided.
C) $(100,000) used.
D) $(10,000) used.
E) $(80,000) used.

Question

Quizplus · Accepted Answer

The net decrease in cash is $10,000. Since $52,000 was used in investing and $38,000 in financing, the cash provided by operating activities must be $80,000 to result in a net decrease of $10,000.

Bagrov Corporation Had a Net Decrease in Cash of $10,000