Question

Bagrov Corporation had a net decrease in cash of $19,000 for the current year. Net cash used in investing activities was $61,000 and net cash used in financing activities was $47,000. What amount of cash was provided (used) in operating activities

Answer 1

Answer:

$89,000 (Cash Provided)

Explanation:

net decrease in cash = $19,000

Net cash used in investing activities = $61,000

net cash used in financing activities = $47,000

cash was provided (used) in operating activities = ?

Let the cash was provided (used) in operating activities = y

- 61,000-47,000 + y = -19000

y = 61,000 + 47,000 - 19000

y = $ 89000

The amount of cash was provided in operating activities is $89,000.