During 2019, Rock Company's cash balance increased from $57,000 to $94,300. Rock's net cash flow from operating activit

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answerhappygod
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During 2019, Rock Company's cash balance increased from $57,000 to $94,300. Rock's net cash flow from operating activit

Post by answerhappygod »

During 2019, Rock Company's cash balance increased from $57,000 to $94,300. Rock's net
cash flow from operating activities was $26,900 and its net cash flow from financing activities
was $13,700.

Calculate Rock's net cash flow from investing activities.
Answer: The change in cash = $37,300 = the ending balance of cash ($94,300) minus the
beginning balance of cash ($57,000).
$37,300 change in cash = Net cash flow from operating activities ($26,900) +/- Net cash flow
from investing activities (X) + Net cash flow from financing activities ($13,700).
$37,300 = $26,900 +/- X + $13,700.
X = Investing activities = ($3,300) cash used in investing activities.
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