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 $ 18,500 Net cash provided by investing activities 4,600 Cash balance, beginning of year 6,200 Cash balance, end of year 9,900 What is the amount of net cash provided by (used in) financing activities

Question

Abbey Li

Business

18 June, 10:13

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 $ 18,500 Net cash provided by investing activities 4,600 Cash balance, beginning of year 6,200 Cash balance, end of year 9,900 What is the amount of net cash provided by (used in) financing activities

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Nora Sanders · Answer 1

Closing cash balance = Opening cash + Net cash provided by operating activities + Net cash provided by Investing activities + Net cash provided by financing activities

Given that:

Net cash provided by operating activities $ 18,500

Net cash provided by investing activities 4,600

Cash balance, beginning of year 6,200

Cash balance, end of year 9,900

What is the amount of net cash provided by (used in) financing activities

Therefore, $9,900 = $6,200 + $18,500 + $4,600 + Net cash provided by Financing activities

So,

Net cash flows from Financing activities = $9,900 - $29,300

= - $19,400

Therefore, the amount of net cash provided by (used in) financing activities is ($19,400)