Question

Diamond Productions reports a net change in cash of $50,000 on its statement of cash flows. What is the net cash provided by operating activities if the net cash provided by investing and financing activities are $5,000 and $14,000, respectively?

Answer 1

Answer:

$21,000

Explanation:

Given;

net change in cash = $50,000

net cash provided by investing = $5,000

net cash provided financing activities = $14,000

net change in cash = net cash provided by operating + net cash provided by investing + net cash provided financing activities

50000 =  net cash provided by operating + 5000 + 14000

net cash provided by operating = 50000 - 5000 - 14000

                                                     = 21000

net cash provided by operating is $21,000