1a. Zip company reported $24,000 of cash at 12/31/20X1 and for the for the twelve months ended 12/31/20X2, the company reported $2,200 of cash provided by operating activities and $13,300 of cash used in investing activities. How much cash will Zip report at 12/31/20X2 assuming $10,000 of cash was provided during the year from financing activities?

Group of answer choices

a. $22,900

b. $10,000

c. $39,500

d. None of the answers provided are correct.

e. $49,500

f. $34,000

1b. Under IFRS, the payment of interest by a borrower would be classified as an operating activity on the borrower's cash flow statement while the cash paid for principal would be reported as a financing activity.

True

False