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The cash balance of Greg Incorporated decreased by a total of Php 50,000. Net cash provided by operating activities totalled Php 10,000 while net cash
The cash balance of Greg Incorporated decreased by a total of Php 50,000. Net cash provided by operating activities totalled Php 10,000 while net cash used for investing activities totalled Php 35,000. The company then should have had:
A. Php 5,000 net cash inflow from financing activities
B. Php 25,000 net cash outflow from financing activities
C. Php 75,000 net cash inflow from financing activities
D. None of the choices
Please provide a comprehensive explanation for your answer.
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