Stojko Corporation had a net decrease in cash of $11,500 for the current year. N
ID: 2483310 • Letter: S
Question
Stojko Corporation had a net decrease in cash of $11,500 for the current year. Net cash used in investing activities was $53,500 and net cash used in financing activities was $39,500. What amount of cash was provided (used) in operating activities?
1. $(104,500) used.
2. $(81,500) used.
3. $104,500 provided.
4. $81,500 provided.
5. $(11,500) used.
Stojko Corporation had a net decrease in cash of $11,500 for the current year. Net cash used in investing activities was $53,500 and net cash used in financing activities was $39,500. What amount of cash was provided (used) in operating activities?
Explanation / Answer
Net Decrease in Cash -11500 Add: Investing Activities 53500 Financing Activities 39500 Cash Priveded 81500