Maze Company\'s cash and cash equivalents consist of cash and marketable securit

Question

Maze Company's cash and cash equivalents consist of cash and marketable securities. Last year the company's cash account increased by $24,000 and its marketable securities account decreased by $16,000. Cash provided by operating activities was $40,000. Net cash used in financing activities was $39,000. Based on this information, the net cash flow from investing activities on the statement of cash flows was: A) a net $9,000 increase. B) a net $23,000 increase. C) a net $39,000 increase. D) a net $7,000 increase.

Explanation / Answer

24,000 - 16,000 + 40,000 - 39,000 = 9,000

so

A) a net $9,000 increase

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