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Rico's Taqueria Had Cash Inflows from Operating Activities of $27,000;

Question 87

Multiple Choice

Rico's Taqueria had cash inflows from operating activities of $27,000; cash outflows from investing activities of $22,000, and cash outflows from financing activities of $12,000. Calculate the net increase or decrease in cash.


A) $37,000 increase.
B) $34,000 decrease.
C) $61,000 increase.
D) $7,000 increase.
E) $7,000 decrease.

Correct Answer:

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