Please show your work! Martin Company’s cash and cash equivalents consist of cas
ID: 2487972 • Letter: P
Question
Please show your work!
Martin Company’s cash and cash equivalents consist of cash and marketable securities. Last year the company’s cash account increased by $42,000 and its marketable securities account decreased by $61,000. Cash provided by operating activities was $140,000. Net cash used for financing activities was $102,000. Based on this information, the net cash flow from investing activities on the statement of cash flows was:
A) a net $103,000 increase.
B) a net $103,000 decrease.
C) a net $38,000 decrease.
D) a net $57,000 decrease.
Explanation / Answer
the net cash flow from investing activities on the statement of cash flows
Cash provided by operating activities was $140,000.
Net cash used for financing activities was ($102,000).
the company’s cash account increased by ($42,000)
marketable securities account decreased by $61,000.
the net cash flow from investing activities on the statement of cash flows=a net $57,000 decrease.