Presented below are items from Joplin Shoes' statement of cash flows for 2017.

$\begin{array}{lr}
\text { Cash flows provided by operating activities } & \$ 75,000 \
\text { Cash flows provided by financing activities } & 115,000 \
\text { Cash at the beginning of the year } & 60,000 \
\text { Cash flows used by investing activities } & (100,000)
\end{array}$ A)Determine whether Joplin Shoes' cash increased or decreased during the year.
B)How much cash does Joplin Shoes have at the end of 2016?
C)What is the purpose of the statement of cash flows?

Question

Presented below are items from Joplin Shoes' statement of cash flows for 2017.
​
 $\begin{array}{lr}
\text { Cash flows provided by operating activities } & \$ 75,000 \
\text { Cash flows provided by financing activities } & 115,000 \
\text { Cash at the beginning of the year } & 60,000 \
\text { Cash flows used by investing activities } & (100,000)
\end{array}$ A)Determine whether Joplin Shoes' cash increased or decreased during the year.
B)How much cash does Joplin Shoes have at the end of 2016?
C)What is the purpose of the statement of cash flows?

Quizplus · Accepted Answer

The Answer of Presented below are items from Joplin Shoes' statement of cash flows for 2017.
​
 $\begin{array}{lr}
\text { Cash flows provided by operating activities } & \$ 75,000 \
\text { Cash flows provided by financing activities } & 115,000 \
\text { Cash at the beginning of the year } & 60,000 \
\text { Cash flows used by investing activities } & (100,000)
\end{array}$ A)Determine whether Joplin Shoes' cash increased or decreased during the year.
B)How much cash does Joplin Shoes have at the end of 2016?
C)What is the purpose of the statement of cash flows?

Presented Below Are Items from Joplin Shoes' Statement of Cash