Jacks Company had a net increase in cash from operating activities of $8,000 and a net decrease in cash from financing activities of $1,000. If the beginning and ending cash balances for the company were $3,000 and $11,000, then net cash change from investing activities was:
A)an outflow or decrease of $1,000.
B)an inflow or increase of $2,000.
C)an inflow or increase of $1,000.
D)zero.

Question

Quizplus · Accepted Answer

Beginning cash balance + Increase from operating activities - Decrease from financing activities +/- Increase or decrease from investing activities = Ending cash balance $3,000 + $8,000 - $1,000 +/- Increase or decrease from investing activities = $11,000 $1,000 = Increase from investing activities

Jacks Company Had a Net Increase in Cash from Operating