5 value 500 points The statement of cash flows for a company

5. value: 5.00 points The statement of cash flows for a company contained the following: Cash flows from (used in) operating activities in the amount of Cash flows from (used in) investing activities in the amount of Cash flows from (used in) financing activities in the amount of $ 29,500 30,500 $ 44,500) What was the change in cash for the period? $15,500 increase $14,000 decrease $15,500 decrease $14,000 increase

Solution

A. $15,500 increase

Change in Cash = Cash provided by (used in) operating activities + Cash provided by (used in) investing activities + Cash provided by (used in) financing activities

$29,500 + $30,500 – $44,500

= $15,500