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26.02.2020 •
Business
A B C
Cash provided (used) by operating activities $ 64,000 $ 60,000 $ (24,000 )
Cash provided (used) by investing activities (26,000 ) (35,000 ) 27,000
Cash provided (used) by financing activities (6,000 ) 0 24,000
Net increase (decrease) in cash $ 32,000 $ 25,000 $ 27,000
Average total assets $ 791,000 $ 626,000 $ 324,000
Rank the three companies from high to low on cash from operating activities.
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Ответ:
A $64,000 1
B $60,000 2
C -$24,000 3
Explanation:
As we know that
The cash flow statement records three types of activities i.e operating activities, investing activities, and the financing activities
Since we have to determine the rank based on cash from operating activities
The rank is shown below:
A $64,000 1
B $60,000 2
C -$24,000 3
Ответ:
Option C
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