Last year Burbach Company's cash account increased by $10,000. Net cash provided by investing activities was $16,000. Net cash used in financing activities was $34,000. On the statement of cash flows, the net cash flow provided by (used in) operating activities was:

Question

Quizplus · Accepted Answer

The change in cash is the sum of cash flows from operating, investing, and financing activities. Given the increase in cash is $10,000, investing activities provided $16,000, and financing activities used $34,000, the operating activities must have provided $28,000 to result in the net increase of $10,000.

Last Year Burbach Company's Cash Account Increased by $10,000