Solved

Table 4.1 Ruff Sandpaper Co

Question 10

Multiple Choice

Table 4.1
Ruff Sandpaper Co.
Balance Sheets
For the Years Ended 2009 and 2010 Table 4.1 Ruff Sandpaper Co. Balance Sheets For the Years Ended 2009 and 2010   -For the year ended December 31, 2008, 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.
-For the year ended December 31, 2008, 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.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions