Kennedy's Company's statement of cash flows reported cash inflows from operating activities of $80,000 and...

70.2K

Verified Solution

Question

Accounting

Kennedy's Company's statement of cash flows reported cash inflows from operating activities of $80,000 and cash outflows from investing activities of $20,000. If the company has a beginning cash balance of $60,000 and an ending cash balance of $160,000, what were its cash flows from financing activities? Use a positive number to indicate a cash inflow or a negative number to indicate a cash outflow

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students