For the year ended December 31, 2003, a corporation had cash flow from operating activities of $20,000, cash flow from investment activities of –$15,000, and cash flow from financing activities of –$10,000. The Statement of Cash Flows would show a
A. net increase of $5,000 in cash and marketable securities.
B. net decrease of $5,000 in cash and marketable securities.
C. net decrease of $15,000 in cash and marketable securities.
D. net increase of $25,000 in cash and marketable securities.
Answer:B
For the year ended December 31, 2003, a corporation had cash flow from operating activities of $20,000, cash flow from investment activities of –$15,000, and cash flow from financing activities of –$10,000. The Statement of Cash Flows would show a
A. net increase of $5,000 in cash and marketable securities. B. net decrease of $5,000 in cash and marketable securities. C. net decrease of $15,000 in cash and marketable securities. D. net increase of $25,000 in cash and marketable securities.