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Statement of Cash Flows In 2008, Upper Crust had cash flows from investing activities of -$245,000 and cash flows from financ
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Answer #1

ANSWER = B) $411,000

Cash flow from operating activities for 2018 = $411,000

Let Cash flows from Operating activities = X

Given:

Cash flows from Investing activities = -$245,000

Cash flows from Financing activities = - $151,000

Cash at end of the year = $106,000

Cash at beginning of the year = $91,000

Cash flows from Operating activities + Cash flows from Investing activities + Cash flows from Financing activities = Cash at end of the year - Cash at beginning of the year

X + (-$245,000) + (-$151,000) = $106,000 - $91,000

X - $396,000 = $15,000

X = $15,000 + $396,000

X = $411,000

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