During 2016, Rock Company's cash balance increased from $79,000 to $91,300. Rock's net cash flow from...
During 2016, Rock Company's cash balance increased from $79,000 to $91,300. Rock's net cash flow from operating activities was $37,300 and its net cash flow from financing activities was $11,100. How much was Rock's net cash flow from investing activities?
A net cash flow of $42,900.
A net cash flow of ($36,100).
A net cash flow of $60,700.
A net cash flow of ($60,700).
Homework Answers
| Net Cash flows from Operating activities | 37,300 | |||||
| Net Cash flows from Financing activities | 11,100 | |||||
| Total Increase in cash from two activities | 48,400 | |||||
| Less: Net Cash in cash (91300-79000) | 12,300 | |||||
| Net cash used in Investing activities | 36,100 | |||||
| Answer is. A net cash flow of ($36,100) | ||||||
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During 2016, Rock Company's cash balance increased from $79,000
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