Question: Bagrov Corporation had a net decrease in cash of $12,500 for the current year. Net cash used in investing activities was $54,500 and net cash

Bagrov Corporation had a net decrease in cash of $12,500 for the current year. Net cash used in investing activities was $54,500 and net cash used in financing activities was $40,500. What amount of cash was provided (used) in operating activities?

Multiple Choice

$(107,500) used.
$(82,500) used.
$107,500 provided.
$(12,500) used.
$82,500 provided.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

On July 1, Shady Creek Resort borrowed $400,000 cash by signing a 10-year, 9% installment note requiring equal payments each June 30 of $62,328. What is the journal entry to record the first annual...

Bagrov Corporation had a net decrease in cash of $11,000 for the current year. Net cash used in investing activities was $53,000 and net cash used in financing activities was $39,000. What amount of...

Bagrov Corporation had a net decrease in cash of $10,500 for the current year. Net cash used in investing activities was $52,500 and net cash used in financing activities was $38,500. What amount of...

Bagrov Corporation had a net decrease in cash of $16.000 for the curtent year. Net cash used in investing activities was $58,000 and net cash used in financing activities was $44,000. What amount of...

Thanks in advance! The following income statement along with additional year end information about changes in noncash current assets and current liabilities are reported SONAD COMPANY Income...

Hello, I need help understanding how to solve the following 6 questions. Thank you very much in advance for your time and kind help. 1) Bagrov Corporation had a net decrease in cash of $16,000 for...

10 A machine with a cost of $141,000 and accumulated depreciation of $96,000 is sold for $55,500 cash. The amount that should be reported as a source of cash under cash flows from investing...

please read all carefully A corporation reports the following year-end balance sheet data. The company's working capital equals: Cash $ 59,000 Current liabilities $ 94,000 Accounts receivable 74,000...

Bagrov Corporation had a net decrease in cash of $18,500 for the current year. Net cash used in investing activities was $60,500 and net cash used in financing activities was $46,500. What amount of...

Access the most recent financial statements of Yahoo and Google. Complete the following preliminary analytical procedures for both companies, and compare between the two companies: a. Analyze trends...

Learning, Inc. had the following amounts for the year ended December 31, 2007: Depreciation and amortization ....$ 109.4 million Increase in payables .....$ 2.8 million Decrease in inventories ... $...

Question content area top Part 1 Surfside Incorporated produces surfboard wax. Total manufacturing costs are $ 3 6 0 comma 0 0 0 $ 3 6 0 , 0 0 0 when 8 0 comma 0 0 0 8 0 , 0 0 0 containers of wax are...

Faced with increased competition, many companies that have been marketing physical product for many years, are now adding services to their product offers to differentiate from competition. This...

=+Am I aware that while I have my account settings set to private, they really are not?

=+2. You are applying for an internship with Texas Roadhouse for the summer, and the manager has asked you to come up with some potential ideas for the restaurant to use for storytelling on social...

=+Do I care if people search previous updates (pictures, messages, blog posts, etc.) to use for job interviews?