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In 2021, Usher Sports Shop had cash flows from investing activities of $420,000 and cash flows from financing activities of -

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Answer #1

Net change in cash = Ending cash balance - Beginning cash balance
Net change in cash = $604,000 - $627,000
Net change in cash = -$23,000

Net change in cash = Cash flow from operating activities + Cash flow from investing activities + Cash flow from financing activities
-$23,000 = Cash flow from operating activities + $420,000 - $464,000
-$23,000 = Cash flow from operating activities - $44,000
Cash flow from operating activities = $21,000

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