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Justine Inc. has the following information available for 2011: Cash balance on 1/1/2011 $ 12,000 Cash balance on 12/31/2011 20,000 Net cash provided by investing
Justine Inc. has the following information available for 2011:
| Cash balance on 1/1/2011 | $ 12,000 |
| Cash balance on 12/31/2011 | 20,000 |
| Net cash provided by investing activities | 50,000 |
| Net cash provided by financing activities | 16,000 |
The operating activity section of Justine's statement of cash flows would show:
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Answer
| a. | net cash provided by operating activities of $58,000. | |
| b. | net cash utilized by operating activities of $58,000. | |
| c. | net cash utilized by operating activities of $98,000. | |
| d. | net cash provided by operating activities of $98,000. |
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