Last year Burford Company\'s cash account decreased by $28,000. Net cash used in

Question

Last year Burford Company's cash account decreased by $28,000. Net cash used in investing activities was $8,300. Net cash provided by financing activities was $24,500. On the statement of cash flows, the net cash flow provided by (used in) operating activities was:

Last year Burford Company's cash account decreased by $28,000. Net cash used in investing activities was $8,300. Net cash provided by financing activities was $24,500. On the statement of cash flows, the net cash flow provided by (used in) operating activities was:

Explanation / Answer

Net cash flow from operating activities(balance)(-24500+8300-28000) ($44200)(used) Add:Net cash flow from investing activity (8300) Add:Net cash flow from financing activity 24500 Net change in cash (28000)

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