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17 March, 04:39

Bardell, Inc. prepared its statement of cash flows for the year. The following information is taken from that statement: Net cash provided by operating activities $ 18,500 Net cash provided by investing activities 4,600 Cash balance, beginning of year 6,200 Cash balance, end of year 9,900 What is the amount of net cash provided by (used in) financing activities

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  1. 17 March, 08:37
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    Closing cash balance = Opening cash + Net cash provided by operating activities + Net cash provided by Investing activities + Net cash provided by financing activities

    Given that:

    Net cash provided by operating activities $ 18,500

    Net cash provided by investing activities 4,600

    Cash balance, beginning of year 6,200

    Cash balance, end of year 9,900

    What is the amount of net cash provided by (used in) financing activities

    Therefore, $9,900 = $6,200 + $18,500 + $4,600 + Net cash provided by Financing activities

    So,

    Net cash flows from Financing activities = $9,900 - $29,300

    = - $19,400

    Therefore, the amount of net cash provided by (used in) financing activities is ($19,400)
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Home » Business » Bardell, Inc. prepared its statement of cash flows for the year. The following information is taken from that statement: Net cash provided by operating activities $ 18,500 Net cash provided by investing activities 4,600 Cash balance, beginning of
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