During 2016, Rock Company's cash balance increased from $79,000 to $91,300. Rock's net cash flow from operating activities was $37,300 and its net cash flow from financing activities was $11,100. How much was Rock's net cash flow from investing activities?

Question

Quizplus · Accepted Answer

The change in cash balance is $91,300 - $79,000 = $12,300. The net cash flow from operating activities ($37,300) plus the net cash flow from financing activities ($11,100) minus the change in cash balance ($12,300) gives the net cash flow from investing activities: $37,300 + $11,100 - $12,300 = $36,100 (negative).

During 2016, Rock Company's Cash Balance Increased from $79,000 to $91,300