Question

The net cash flow from operating activities is an inflow of $47,042, the net cash flow from investing activities is an outflow of $21,831, and the net cash flow from financing activities is an outflow of $28,397. If the beginning cash account balance is $12,283, what is the ending cash account balance?

Answer 1

$9,097

Step-by-step explanation:

Net cash flow from operating activities = + $47,042

Net cash flow from investing activities = - $21,831

Net cash flow from financing activities = - $28,397

Net cash flows for the period = - $3,186

Beginning cash account balance = $12,283

Net cash flows for the period = - $3,186

Ending cash balance = $9,097