Question
The Best Life Tour Companys cash account decreased by $18,000 and its short-term investment account increased by $11,000. Cash increase from operating activities was $16,000.
The Best Life Tour Companys cash account decreased by $18,000 and its short-term investment account increased by $11,000. Cash increase from operating activities was $16,000. Net cash decrease from investing activities was $24,000. Based on this information, calculate the cash increase (or decrease) from financing.
Increase or decrease in cash from financing activities =
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Advanced Accounting
Authors: Debra Jeter, Paul Chaney
6th edition
978-1118742945, 111874294X, 978-1119045946, 1119045940, 978-1119119364
