Grdingcompanys cash and cash equivalents consist of cash and marke
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Course
HBO Small Business en Ondernemerschap
Institution
HBO Small Business En Ondernemerschap
Grdingcompany's cash and cash equivalents consist of cash and marketable securities. Last year
the company's cash account decreased by $16,000 and is marketable securities account
increased by $22,00. Cash provided by operating activities was $24,000. Based on this
information, was the net cash ...
Grdingcompany\'s cash and cash equivalents consist of cash and marketable securities. Last year
the company\'s cash account decreased by $16,000 and is marketable securities account
increased by $22,00. Cash provided by operating activities was $24,000. Based on this
information, was the net cash flow from investing activities on the statment of cash flows a net
increase or decrease and by how much?
Please show me how you got the answer as I need to show my work.
Thank You
Solution
24000+2200-16000= $10200 net cash flow from investing activities increase by
$10200
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