Question: Bagrov Corporation had a net decrease in cash of $14,500 for the current year. Net cash used in investing activities was $56,500 and net cash

Bagrov Corporation had a net decrease in cash of $14,500 for the current year. Net cash used in investing activities was $56,500 and net cash used in financing activities was $42,500. What amount of cash was provided (used) in operating activities?

a $(14,500) used.

b $(84,500) used.

c $84,500 provided.

d $113,500 provided.

e $(113,500) used.

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 $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...

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...

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...

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...

1) Bagrov Corporation had a net decrease in cash of $11,500 for the current year. Net cash used in investing activities was $53,500 and net cash used in financing activities was $39,500. What amount...

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...

An optic fiber of index of refraction of 1.6 is surrounded by a layer called the cladding layer. The index of refraction of the cladding is 1.3. If the angle of incidence inside the fiber is 40, will...

Briefly describe two methods for determining Ka for a weak acid.

uestion 1 of 5 0 - / 1 iew Policies Eurrent Attempt in Progress Which of the following is the best definition of sustainable income? Sustainable income is the same as net income. Sustainable income...

Criticism is the process of pointing out mistakes, which places blame and is embarrassing. True False

11.5 Describe the grievance procedure in a union environment.

11.6 Explain union decertification.

Larry Browning, Alf Saetre, Keri Stephens, and Jan-Oddvar Sornes (2008) present stories of the ways personal and social media facilitate and hinder work in a range of organizations. Their book shows...