FastForward had cash inflows from operations of $62,500; cash outflows from investing activities of $47,000; and cash inflows from financing of $25,000.The net change in cash was:
A)$40,500 increase
B)$40,500 decrease
C)$134,500 decrease
D)$134,000 increase
E)$9,500 increase

Question

Quizplus · Accepted Answer

Net change in cash = Cash inflows from operations + Cash inflows from financing - Cash outflows from investing activities= $62,500 + $25,000 - $47,000= $40,500 increase

FastForward Had Cash Inflows from Operations of $62,500; Cash Outflows