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On January 1, Year 2, Ride-With-Me, a ride-share start-up, had a balance in its Cash account of $140,000. During the Year 2 accounting period, the
On January 1, Year 2, Ride-With-Me, a ride-share start-up, had a balance in its Cash account of $140,000. During the Year 2 accounting period, the company had (1) net cash inflow from operating activities of $350,000;(2) net cash outflow from investing activities of $160,000; and (3) net cash outflow from financing activities of $105,000. Required: Based on the information, prepare a statement of cash flows for Year 2. Note: Amounts to be deducted should be indicated with a minus sign
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