81. Marvel Shoes Marvel Shoes reported the following items on its statement of cash flows for the current year: Net cash inflows from operating activities $70,000 Net cash outflows from investing activities (20,000) Net cash outflows from financing activities (40,000) Cash balance at the beginning of the year 30,000 Read the information about Marvel Shoes. What was the amount of net increase or decrease in the cash balance for Marvel Shoes for the current year? A. $ 10,000 increase B. $ 30,000 increase C. $ 40,000 increase D. $ 70,000 increase | |
| View Solution | |
| << Back | Next >> |