Last year, Uranium Company's cash account increased by $20,000.Net cash flow from investing activities were ($35,000).Net cash flow from financing activities were $3,000.On the statement of cash flows, net cash flow from operating activities were:

Question

Quizplus · Accepted Answer

Net increase in cash flow = Net cash flow from operating activities + Net cash flow from financing activities + Net cash flow from investing activities
= X + ($35,000) + $3,000 = $20,000
X = $52,000

Last Year, Uranium Company's Cash Account Increased by $20,000