Stojko Corporation had a net decrease in cash of $10,000 for the current year. Net cash used in investing activities was $52,000 and net cash used in financing activities was $38,000. What amount of cash was provided (used) in operating activities?
A) $100,000 provided.
B) $(100,000) used.
C) $80,000 provided.
D) $(80,000) used.
E) $(10,000) useD.$10,000 - $52,000 - $38,000 = $80,000

Question

Quizplus · Accepted Answer

To find the amount of cash from operating activities, we need to use the formula:
Net decrease in cash = Net cash from operating activities + Net cash from investing activities + Net cash from financing activities
$10,000 = Net cash from operating activities - $52,000 - $38,000
Net cash from operating activities = $80,000 provided. Therefore, the correct answer is C.

Stojko Corporation Had a Net Decrease in Cash of $10,000