Question

Kaze Corporation's cash and cash equivalents consist of cash and marketable securities. Last year the company's cash account increased by $25,000 and its marketable securities account decreased by $15,000. Cash provided by operating activities was $38,000. Net cash provided by investing activities was $9,000. Based on this information, the net cash flow from financing activities on the statement of cash flows was:

Answer 1

net cash flow used in financing activities -19,000

Step-by-step explanation:

net cash flow:

+25,000 cash

-15,000 marketable securities

10,000 net cash flow

operating activities +38,000

investing activites -9,000

financing activities

equals to net cash flow 10,000

38,000 - 9,000 + Financing = 10,000

Financing = 10,000 + 9,000 - 38,000

Financing = -19,000