The Warrel Corporation reported the following data for last year:
Based solely on this information,the net cash provided by (used in)financing activities on the statement of cash flows would be:
A) $12,000
B) $34,000
C) $(12,000)
D) $(18,000)

Question

The Warrel Corporation reported the following data for last year:
 Based solely on this information,the net cash provided by (used in)financing activities on the statement of cash flows would be:
A) $12,000 
B) $34,000 
C) $(12,000) 
D) $(18,000)

Quizplus · Accepted Answer

Net change in cash and cash equivalents = Net cash provided by (used in) operating activities + Net cash provided by (used in) investing activities + Net cash provided by (used in) financing activities
$22,000 = -$18,000 + $6,000 + Net cash provided by (used in) financing activities
Net cash provided by (used in) financing activities = $22,000 + $18,000 - $6,000 = $34,000

The Warrel Corporation Reported the Following Data for Last Year