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The McGovern company has the following balances at the end of their first year of operations: Cash from Financing Activities : $30,000 Cash from Operating
The McGovern company has the following balances at the end of their first year of operations:
Cash from Financing Activities : $30,000
Cash from Operating Activities : ($11,500)
Cash from Investing Activities : ($5,500)
Accounts Receivable : $2,400
What is the company's change in cash as it would be indicated on the Statement of Cash Flows? Use a positive number to indicate a net cash inflow or a negative number to indicate a net cash outflow.
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