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29 March, 04:18

Bardell, Inc. prepared its statement of cash flows for the year. The following information is taken from that statement: Net cash provided by operating activities $ 29,000 Net cash provided by investing activities 8,400 Cash balance, beginning of year 11,600 Cash balance, end of year 18,200 What is the amount of net cash provided by (used in) financing activities

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  1. 29 March, 04:24
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    The Net Cash used in Financing activities is $30,800

    Explanation:

    Step 1 Determine the Movement in Cash during the period.

    Movement = Ending Cash Balance - Beginning Cash Balance /

    = 18,200 - 11,600

    = 6,600 (inflow)

    Step 2 Determine the Cash flow in Financing Activities

    Cash flow statement for the year

    Cash flow from Operating Activities $29,000

    Net Cash flow from Investing Activities $ 8,400

    Net Cash flow from Financing Activities (Balancing figure) ($30,800)

    Movement in Cash during the year $6,600

    Therefore, The Net Cash used in Financing activities is $30,800
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Home » Business » Bardell, Inc. prepared its statement of cash flows for the year. The following information is taken from that statement: Net cash provided by operating activities $ 29,000 Net cash provided by investing activities 8,400 Cash balance, beginning of
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