In 2008, Upper Crust had cash flows from investing activities of - $270,000 and cash flows from financing activities of - $163,000. The balance in the firm's cash account was $86,000 at the beginning of 2008 and $118,000 at the end of the year. What was Upper Crust's cash flow from operations for 2008?

A - $118,000

B - $465,000

C - $32,000

D - $433,000

Cash flows from operating activities = $465,000

so correct option is B - $465,000

Explanation:

given data

investing activities = - $270,000

cash flows = - $163,000

cash account at the beginning = $86,000

cash account at the end of year = $118,000

solution

we get here Cash flows from operating activities that is express as

Cash flows from operating activities = closing cash balance - (cash flows from financing activities + cash flows from investing activities + beginning cash balance) ... 1

put here value and we get

Cash flows from operating activities = $118,000 - (-$163,000 - $270,000 + $86,000)

Cash flows from operating activities = $465,000