A company has the following information. What is the impact on cash as shown in the statement of cash flows?
Cash at beginning of year $10,000
Cash at end of year $50,000
Operating activities increased cash by $56,000
Financing activities decreased cash by $10,000
A) Cash decreased by $40,000
B) Cash increased by $10,000.
C) Cash increased by $40,000.
D) Cash increased by $46,000.

Question

Quizplus · Accepted Answer

The impact on cash is determined by the change in cash from the beginning to the end of the year. The cash increased from $10,000 to $50,000, which is an increase of $40,000.

A Company Has the Following Information