If cash from operating activities 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?
A)($144,000)
B)$48,000
C)$136,000
D)$96,000

Question

Quizplus · Accepted Answer

Net change in cash of $96,000 = Cash flow from operating activities of $48,000 - Cash used in investing activities of $88,000 + Cash flow from financing activities (the unknown)
Cash flow from financing activities = $96,000 - $48,000 + $88,000 = $136,000

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