For the year ended December 31,2016,the Statement of Cash Flows for Johnson Family Auto Supply shows the following information: Net Cash Used by Operating Activities,$70,000; Net Cash Provided by Investing Activities,$45,000; and Net Cash Provided by Financing Activities,$40,000.Cash has increased by $155,000.

Question

Quizplus · Accepted Answer

Increase in cash: $(70,000)+ $45,000 + $40,000 = $15,000

For the Year Ended December 31,2016,the Statement of Cash Flows